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