Announced Wed, 10 Jun, 2026 · 12:36 IST
AMPL board approves demerger of Space business into ASTPL
ASTRAMICRO · price
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Price reaction · full curve 14 horizons · vs prior close
-4.3%1-day move
₹1462.50
prior close
₹1461.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3-0.7-0.3+0.1-4.3-1.5-0.5+1.5+8.7+15.7+22.7+23.2+18.2+16.6
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AI summary
AMPL board approved demerger of its Space, Meteorology and Hydrology business into wholly owned subsidiary Astra Space Technologies (ASTPL). The division had FY26 turnover of about INR 157 crore, around 13.58 percent of AMPL total. Share ratio is 1:1, with ASTPL issuing 1 equity share of INR 2 for every 1 AMPL share held. No cash involved. ASTPL shares will list on NSE and BSE. Scheme needs NCLT, SEBI and exchange approvals.
Likely market impact
AMPL shareholders get 1 ASTPL share for every 1 AMPL share held, creating two listed sector-focused entities. Subject to regulatory approvals.