Acquisitions11 Aug 2025, 04:51 pm
Astral Ltd to Acquire 80% Stake in NEXELON CHEM PRIVATE LIMITED for Rs. 120 Crores
AI Summary
Astral Limited, a prominent player in the chemicals and chemical products industry, has announced its decision to acquire an 80% equity stake in NEXELON CHEM PRIVATE LIMITED. This acquisition is expected to cost Rs. 120 crores and will be completed within 2-3 months. NEXELON, incorporated in July 2023, is yet to commence its revenue generation. The acquisition is not a related party transaction and is expected to help Astral in cost optimisation and margin improvement by manufacturing CPVC resin, a main raw material for the company.
Key Highlights
- Astral Ltd to acquire 80% equity stake in NEXELON CHEM PRIVATE LIMITED
- Total investment of up to Rs. 120 Crores over period of time
- Transaction to be completed within 2-3 months
- NEXELON incorporated in July 2023, yet to commence revenue generation
- Acquisition aimed at cost optimisation and margin improvement