Astral to buy balance 20% stake in Astral Coatings

Astral to buy balance 20% stake in Astral Coatings

By: ICN Bureau

Last updated : September 12, 2025 10:23 am



The total equity stake of the company in Astral Coatings has increased from 80% to 100%


The Board of Directors of Astral Limited has approved the acquisition of remaining 20% equity shares of Astral Coatings Private Limited (Formerly Know Gem Paints Private Limited from existing shareholder at a consideration of Rs. 75 crores.

With this acquisition, the total equity stake of the company in Astral Coatings has increased from 80% to 100% making it a wholly owned subsidiary of the company.

Astral Coatings is a subsidiary of the company, involved in the business of the manufacturing, selling and distribution of paints, varnishes, coatings, products related to home decor, industrial paints etc.

Astral Coatings Private Limited Astral

First Published : September 12, 2025 12:00 am