Acquisitions24 Feb 2026, 08:12 pm
Apollo Pipes Acquires Additional 3.34% Stake in Subsidiary Kisan Mouldings Limited for Approx. Rs. 9.8 Crores
AI Summary
Apollo Pipes Limited has made a further investment by acquiring an additional equity stake of 3.34% in its subsidiary, Kisan Mouldings Limited (KML), through a secondary purchase. The cost of acquisition is approximately Rs. 9.8 Crores. KML is a subsidiary company of Apollo Pipes Limited and is primarily engaged in the manufacturing of PVC pipes, fittings, UV Resistant multi-layer water tank and allied products. It is one of the largest manufacturers of multiple applications of pipes for various purposes. The total paid-up Equity Share Capital of KML is Rs. 1,19,46,30,650/- and the turnover of KML for the financial year ended March 31, 2025, is Rs. 273.35 Cr.
Key Highlights
- Apollo Pipes Limited acquires additional 3.34% stake in subsidiary Kisan Mouldings Limited
- The cost of acquisition is approximately Rs. 9.8 Crores
- Kisan Mouldings Limited is a subsidiary company of Apollo Pipes Limited and is primarily engaged in the manufacturing of PVC pipes, fittings, UV Resistant multi-layer water tank and allied products
- Kisan Mouldings Limited's total paid-up Equity Share Capital is Rs. 1,19,46,30,650/- and the turnover for the financial year ended March 31, 2025, is Rs. 273.35 Cr