Acquisitions17 Feb 2025, 08:09 pm
Apollo Pipes Acquires 2.01% Stake in Kisan Mouldings for $2.4 Million
AI Summary
Apollo Pipes Limited, one of the promoters of Kisan Mouldings Limited, has acquired 2.01% of the Paid-up Equity Share Capital of Kisan Mouldings Limited through the open market. The acquisition of 24,00,000 equity shares, worth approximately $2.4 million, was made between February 11, 2025, and February 14, 2025. This acquisition increases Apollo Pipes Limited's holding to 67.66% of Kisan Mouldings Limited's total voting capital.
Key Highlights
- Apollo Pipes Limited, a promoter of Kisan Mouldings Limited, has acquired 2.01% of Kisan Mouldings Limited's Paid-up Equity Share Capital.
- The acquisition was made through the open market between February 11, 2025, and February 14, 2025.
- A total of 24,00,000 equity shares, worth approximately $2.4 million, were acquired.
- This acquisition increases Apollo Pipes Limited's holding to 67.66% of Kisan Mouldings Limited's total voting capital.
- Kisan Mouldings Limited's total voting capital is Rs. 1,19,46,30,650/- representing 11,94,63,065 equity shares of Rs. 10/- each.