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Astral Limited’s Strategic Split: Separating Plumbing and Chemicals for Independent Growth

41 minutes ago

11 min read

Astral Limited (Astral) has proposed a Composite Scheme of Arrangement involving two major corporate actions: the demerger of its chemicals, adhesives, paints and coatings business into Astral Chemie Limited (ACL), and the amalgamation of Al-Aziz Plastics Private Limited (APPL) into Astral Limited. The restructuring is intended to create two focused listed platforms, sharpen managemen...

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Haresh Shah

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