Astral acquires 51pc stake in Gem Paints for Rs 194 crore

Plastic pipe and plastic products maker Astral said it will acquire a 51 per cent majority stake in Gem Paints for Rs 194 crore, a move that will allow the Ahmedabad-based company to expand its product portfolio in the paints sector. Astral said in a regulatory filing that it entered into a definitive agreement …

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