Astral acquires 80% stake in Nexelon Chem
The Nexelon has become subsidiary of the company
Astral has entered into share purchase agreement with the existing promoters and shareholders of the Nexelon Chem (Nexelon) and completed the acquisition of 80% equity shares of Nexelon on November 5, 2025. Post acquisition, the Nexelon has become subsidiary of the company. The acquisition will help in cost optimisation of the company and substantial improvement in the margin.
Earlier in August 2025, the board of directors of the company had approved the proposal for acquisition of 80% equity shares of Nexelon. The board had also approved further investment of up to Rs 120 crore in Nexelon over period of time.
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.
