Notably, the company informed the exchanges that its board has approved a scheme to demerge its chemicals business into a separately listed company.

Astral demerger ratio is set at 1:1. This means subject to the necessary approvals, Astral shareholders will receive shares ...

Subject to regulatory appproval, the newly formed entity is scheduled to be listed on the NSE and BSE.

Shares of Astral tumbled more than 9% on June 29, touching a five-month low of Rs 1,339 apiece, after the company approved the demerger of its chemicals business into its wholly-owned subsidiary, ...

The stock dropped as much as 9.3 per cent to an intraday low of Rs 1,349 on the NSE, compared with its previous close of Rs 1 ...

The demerger will consolidate Astral's entire chemicals portfolio under Astral Chemie, including the paints and coatings business. The residual company, Astral Limited, will focus ...

Another brokerage firm CLSA said the demerger is unlikely to have a meaningful impact on the stock in the near term, adding that sustained growth and margin improvement in the chemicals business will ...

It’s been close to four years since I last met Sandeep Engineer. While the 62-year-old doesn’t seem to have aged at all, this time around, there is a sense of contentment on his face. He continues to ...