Shareholding22 Oct 2026, 09:01 am
Kitara PIIN 2401 Acquires 4.34% Stake in Apollo Pipes
AI Summary
Kitara PIIN 2401, along with its Persons Acting in Concert (PACs), has acquired a 4.34% stake in Apollo Pipes Limited. This acquisition was made through the allotment of equity shares upon conversion of warrants issued on a preferential allotment basis. Prior to this, Kitara PIIN 2401 and its PACs held 4.01% of the company's shares. The total holding after the acquisition stands at 8.35%. The acquisition was completed on October 17, 2026, with the total share capital of Apollo Pipes increasing from ₹44.05 Crore to ₹46.05 Crore.
Key Highlights
- Kitara PIIN 2401 acquired 4.34% stake in Apollo Pipes.
- Total holding of acquirer and PACs increased to 8.35%.
- Acquisition was via conversion of warrants from preferential allotment.
- Company's equity share capital increased post-acquisition.
Price Impact
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