Intimation under Regulation 30 Acquisition of Remaining equity shares of Subsidiary Company - Astral Coatings…
As filed · Astral Limited has informed the Exchange about Intimation under Regulation 30 Acquisition of Remaining equity shares of Subsidiary Company - Astral Coatings Private Limited
What happened
FactAstral Limited's Board of Directors has approved the acquisition of the remaining 20% equity shares of its subsidiary, Astral Coatings Private Limited, for a consideration of Rs. 75 Crores. This acquisition increases Astral Limited's total equity stake in Astral Coatings from 80% to 100%, making it a wholly owned subsidiary. Further details regarding the acquisition are attached as an annexure.
Why it matters
CapitSignal interpretationAn acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
Scale
- 1.3% of FY26 revenue
₹75 Cr stated in the filing against ₹5,907.6 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
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Fact- Consideration and how it is funded
- Revenue and profit of the target
- Expected completion date
Evidence
How CapitSignal classified this
- Reasoning:
- ACQUISITION base 74; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%