Acquisitions27 Mar 2024, 02:40 am
Apollo Pipes Acquires Majority Stake in Kisan Mouldings, Expanding Footprint and Accelerating Growth
AI Summary
Apollo Pipes Limited has announced the acquisition of a majority controlling stake in Kisan Mouldings Limited, turnover Rs. 272.99 Crores for FY2022-23, with no related party involvement. This move aims to expand Apollo Pipes' footprint in the Western & Southern region and leverage the 'Kisan' brand for growth acceleration.
Key Highlights
- Apollo Pipes acquires 53.57% stake in Kisan Mouldings
- Transaction completed on March 26, 2024
- No related party involvement
- Expansion of Apollo Pipes' footprint in Western & Southern region
- Growth acceleration through the 'Kisan' brand