Apollo Pipes rises on acquiring additional equity stake in Kisan Mouldings
Apollo Pipes is currently trading at Rs. 434.30, up by 3.75 points or 0.87% from its previous closing of Rs. 430.55 on the BSE.
The scrip opened at Rs. 438.10 and has touched a high and low of Rs. 438.25 and Rs. 426.30 respectively. So far 23091 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 679.95 on 05-Sep-2024 and a 52 week low of Rs. 313.05 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 463.35 and Rs. 422.90 respectively. The current market cap of the company is Rs. 1983.53 crore.
The promoters holding in the company stood at 46.84%, while Institutions and Non-Institutions held 17.55% and 35.61% respectively.
Apollo Pipes has made further investment by acquiring an additional equity stake of 1.01% through a secondary purchase in Kisan Mouldings (KML) (Target Entity), a subsidiary of the Company.
Apollo Pipes, being the Holding Company of Target Entity, has further acquired share of its subsidiary as a strategic investment. The Company has increased its holding from 57.59% to 58.60% (an increase of 1.01%) in KML.
Apollo Pipes is engaged in the manufacturing and trading of PVC Pipes and Fittings. The company is headquartered in Delhi and among the market leader in piping and related products segment under brand name of APL Apollo.
