Apollo Pipes Allots 20 Lakh Shares on Warrant Conversion

Apollo Pipes Limited has approved the allotment of 20,00,000 equity shares of face value ₹10 each to KITARA PIIN 2401 upon conversion of warrants. The conversion follows the receipt of the balance consideration of ₹412.50 per warrant, totaling ₹82,50,00,000 (₹82.50 Crore). This allotment increases the company's paid-up equity share capital to ₹46,04,82,060, comprising 4,60,48,206 equity shares. The new shares rank pari-passu with existing shares. The total issue consideration for these warrants was ₹110 Crore, with ₹27.50 Crore paid initially and the remaining ₹82.50 Crore upon conversion.