Mumbai, September 5 (Kiran News) — Shares of Astral moved higher on Friday after the company announced that it had received board approval to acquire the remaining 5% stake in its UK-based subsidiary Seal IT Services.
At 11:00 am, the stock was trading at ₹1,433.90, up 0.74% from its previous close of ₹1,423.30 on the BSE. The scrip opened at ₹1,432.00 and touched an intraday high of ₹1,445.00 and a low of ₹1,418.95. A total of 14,667 shares were traded on the counter.
The BSE ‘A’ group stock, with a face value of ₹1, has a 52-week high of ₹2,039.95 (Sept 25, 2024) and a 52-week low of ₹1,232.00 (Mar 13, 2025). Its current market capitalisation stands at ₹38,519.53 crore. Promoters hold 54.10%, while institutional and non-institutional investors own 35.04% and 10.85% respectively.
Astral will acquire the remaining 5% equity in Seal IT Services from the existing shareholder at a consideration of GBP 400,000 (approx. ₹4.75 crore). Following this transaction, Astral’s stake will rise from 95% to 100%, making Seal IT a wholly owned subsidiary.
The acquisition is expected to be completed on or before September 30, 2025. The company’s Board of Directors approved the proposal in its meeting held on September 4, 2025.
Astral, one of India’s leading manufacturers of plastic pipes, has also been expanding strongly into the adhesives and infrastructure products segments.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.