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Cash Market | Price action shows a breakout pull-back pattern in Astral

Moneycontrol Contributor   •

A strong underlying trend in Astral

Astral | CMP: Rs 2,503 | The scrip rose over 3 percent after the Board of the firm at its meeting approved to purchase additional 15% equity shares of Seal IT Services, UK (Subsidiary of the Company) from existing shareholder at a consideration of approximately Rs 48 crores. The Company has also executed Share Purchase Agreement for the said purchase of additional shares. With this acquisition, the total equity stake of the Company in Seal IT Services , UK has increased from 80 percent to 95 percent.

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