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Astral Limited withdrew the proposed demerger of its chemicals business after an independent review advised against it at the current scale. The board will reconsider once the chemicals business achieves greater size and financial strength.
Astral Board Withdraws Composite Scheme Of Arrangement After Strategic Review
Astral Board Initiates Independent Review of Demerger Scheme And Appoints Advisor
Astral Board Approves Demerger Of Chemicals Business Into Astral Chemie
Astral Ltd Board Approves Composite Scheme to Demerge Chemicals Business