Acquisitions18 Sept 2026, 10:40 pm
Apollo Pipes Acquires 76% Stake in Mazzini Tiles for ₹40.42 Cr
AI Summary
Apollo Pipes Ltd, through its subsidiary Apollo Ceramics Limited, has acquired a 76% stake and profit sharing rights in Mazzini Tiles LLP for ₹40.42 Crore. This strategic move expands Apollo Pipes' presence in the tiles and ceramics business and strengthens its position in the building materials segment. Mazzini Tiles LLP reported a turnover of ₹87.15 Crore for FY26 and operates a manufacturing facility in Morbi, Gujarat. The acquisition is part of Apollo Pipes' approved investment plan of up to ₹300 Crore for the tiles and ceramics sector. The transaction was conducted on an arm's length basis and does not involve related parties.
Key Highlights
- Apollo Pipes enters ceramic tiles sector via subsidiary Apollo Ceramics.
- Acquired 76% stake in Mazzini Tiles LLP for ₹40.42 Crore.
- Mazzini Tiles LLP had FY26 turnover of ₹87.15 Crore.
- Acquisition aligns with expansion strategy in building materials.
- Part of a ₹300 Crore approved investment for the tiles business.
Price Impact
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