APL Apollo Tubes Acquires 31% Stake in SG Enterprise, Making it a Subsidiary

APL Apollo Tubes Ltd announced its Board of Directors has approved the acquisition of an additional 31% equity stake in SG Enterprise Solutions Private Limited (SSC) for ₹1,55,000. This acquisition increases APL Apollo's shareholding in SSC from 20% to 51%, thereby making SSC a subsidiary. The transaction is expected to be completed by December 31, 2026. SG Enterprise Solutions Private Limited, incorporated on September 10, 2026, is yet to commence operations and will function as a Group Shared Services Company. The acquisition is considered a related party transaction as the shares are acquired from SG Green Buildings Private Limited and S Gupta Holding Private Limited, both related parties. The transaction will be conducted on an arm's length basis.