Remsons Industries is progressing with its strategic acquisition of a 51.01% stake in Astro Motors.

The company will issue 319,994 equity shares at Rs. 132 per share on a preferential basis to Astro Motors' promoters as part of the deal.

A revised valuation report for Remsons' shares now sets the weighted average fair value at Rs. 131.46 per share, an increase from Rs. 124.53, following a re-weighting of valuation methods (Market: 55%, DCF: 35%, NAV: 10%). The unchanged issue price of Rs. 132 per share remains slightly above this updated fair value.