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

APL Apollo Tubes Ltd announced that 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 will increase APL Apollo's shareholding in SSC from 20% to 51%, making SSC a subsidiary. SSC, incorporated recently, is intended to function as a Group Shared Services Company. The company also approved its unaudited financial results for the quarter and half-year ended September 30, 2026. The acquisition is expected to be completed by December 31, 2026, and is considered a related party transaction, undertaken on an arm's length basis.