12-Jun-2026 19:06:11
ASTRAL : ACQUIRES 60% STAKE IN DIFFERENTIATED & SUSTAINABLE SOLUTIONS LLP 🧪🚀
• 🔹 Astral Chemie (wholly-owned subsidiary of Astral) to acquire 60% partnership interest in DSS • 💰 Acquisition value stands at ₹39.11 Cr, to be completed by 31 August 2026 • 🏭 DSS has annual manufacturing capacity of 5,200 MT • 🧪 DSS develops advanced specialty chemicals and materials for electronics, aerospace, renewable energy, composites, coatings and adhesives • 🇮🇳 DSS is the only company in India with technology to manufacture a wide range of Polyamines, Bismaleimides and Benzoxazines • 📜 DSS holds and has applied for multiple intellectual property rights related to specialty chemicals • 🔄 Acquisition strengthens Astral's backward integration, specialty chemicals platform and R&D capabilities • 🌍 Opens opportunities in high-growth sectors including electronics, aerospace, renewable energy and infrastructure 🟢 Impact: Positive (Strategic acquisition enhances technology capabilities, backward integration and expands Astral's presence in high-value specialty chemicals.)
ASTRAL LIMITED