Astral Limited

Max Life Insurance increased its stake in Astral Limited from 1.14% to 1.16%, raising its shareholding from 3,051,919 to 3,106,641 shares. The additional shares are valued at approximately ₹8.37 crore based on Astral's share price of ₹1532.80.

A manufacturer of plumbing and drainage systems established in 1996, this company produces piping solutions and fittings designed for Indian residential and commercial infrastructure needs. Beyond its core plumbing business, it has expanded into adhesive products, serving multiple sectors across the country with engineered polymer-based solutions for water management and construction applications.

Now branded Axis Max Life after Axis Bank took a controlling stake. Crossed Rs 1.5 lakh crore in AUM in April 2024 with over 20% YoY growth and has continued to compound. CIO Sachin Bajaj has over 25 years of investment experience and runs a multi-cap equity book across ULIP, par and non-par funds with a quality and growth tilt.