Lightening up

Astral Poly Technik’s Vijay Parikh sells stock worth ₹385 million as the plumbing products and adhesives maker hits an all-time high

Published 2 years ago on Jun 06, 2019 2 minutes Read

Astral Poly Technik has continued its unabated rise after hitting a 52-week low of Rs.815 last October. The stock recently hit an all-time high of 1,380 and this rip-roaring comeback has been used by Vijay Parikh to lighten his holding by 302,005 shares. The sale fetched Rs.385 million and Parikh now holds 1,098,428 shares or 0.91% of the company worth Rs.1.5 billion. Overall promoter holding stands at 58.49%. Though Parikh is not on the board of directors, he was awarded preference shares when Astral Poly completed the acquisition of his firm Resinova Chemie in 2015.