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Astral gets nod to acquire remaining 5% stake in Seal IT Services, UK
Sep-05-2025

Astral has received approval for the acquisition of remaining 5% equity shares of Seal IT Services, UK (Seal IT) (Subsidiary of the Company) from existing shareholder at a consideration of GBP 4,00,000/- (equivalent to approximately Rs 4.75 crore). With this acquisition, the total equity stake of the company in Seal IT will increase from 95% to 100% making it a wholly owned subsidiary of the company. 

The transaction is expected to be completed on or before September 30, 2025. The Board of Directors of the company at its meeting held on September 4, 2025, has considered and approved the same. 

Astral is among the country’s leading manufacturers of plastic pipes used across the industries and is now making strong inroads into the adhesives segment and infrastructure products.

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