APL Apollo Tubes to Sell Entire Stake in BOPPL for ₹160 Cr

APL Apollo Tubes Ltd announced the approval of its Board of Directors to divest its entire shareholding in its wholly-owned subsidiary, Blue Ocean Projects Private Limited (BOPPL), to SG Realtor Private Limited. The transaction, valued at ₹160 crore, was recommended by the Audit Committee and is expected to be completed by December 31, 2026. BOPPL, which holds real estate assets, contributed a minor portion to APL Apollo's consolidated turnover (0.06%) and net worth (2.63%) as of March 31, 2026. The buyer, SG Realtor Private Limited, is a related party, with APL Apollo's promoters holding over 20% of its equity. The transaction is being conducted at arm's length, based on an independent valuation report.