Apollo Pipes Subsidiary Acquires 76% Stake in Mazzini Tiles for ₹40.42 Cr

Apollo Pipes Ltd, through its subsidiary Apollo Ceramics Limited (ACL), has acquired a 76% stake and profit sharing rights in Mazzini Tiles LLP for ₹40.42 Crore. This acquisition marks Apollo Pipes' entry into the ceramic tiles sector and aligns with its strategy to expand its presence in the building materials segment. Mazzini Tiles LLP reported a turnover of ₹87.15 Crore for the financial year ended March 31, 2026. The acquisition is part of a larger approved investment plan of up to ₹300 Crore for the tiles and ceramics business. The transaction was conducted on an arm's length basis and does not involve related parties.