APL Apollo Tubes to Sell Wholly Owned Subsidiary for ₹160 Cr

APL Apollo Tubes Ltd announced that its Board of Directors has approved the disinvestment of its entire shareholding in Blue Ocean Projects Private Limited (BOPPL), a wholly owned subsidiary, to SG Realtor Private Limited for an aggregate consideration of ₹160 crore. BOPPL is engaged in holding real estate assets. The transaction is considered a related party transaction and is being conducted at arm's length, based on a valuation report. The sale agreement is expected to be entered into by December 31, 2026, with completion anticipated by the same date. BOPPL contributed 0.06% to consolidated turnover and 2.63% to net worth as of March 31, 2026.