Board of Astral approves additional investment in subsidiary - Seal IT Services, UK

At meeting held on 15 September 202

The Board of Astral at its meeting held on 15 September 2022 has approved to purchase additional 15% equity shares of Seal IT Services, UK (Subsidiary of the Company) from existing shareholder at a consideration of GBP 52,50,000/-(equivalent to approximately INR 48 Crores). The Company has also executed Share Purchase Agreement today 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% to 95%.

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