Board of Apollo Pipes approves allotment of 20 lakh convertible warrants
23 - Apr - 2025 12:00 | 8 days ago
The Board of Apollo Pipes at its meeting held on 23 April 2025 has approved the allotment of 20,00,000 fully convertible warrants at issue price of Rs 550 per warrant on preferential basis. With this allotment, the paid up equity share capital on fully diluted basis shall be Rs 46,04,82,060 (4,60,48,206 equity shares of Rs 10 each).
Apollo Pipes further acquires 0.51% stake in Kisan Mouldings
28 - Feb - 2025 12:00 | 62 days ago
Apollo Pipes has made further investment by acquiring an additional equity stake of 0.51% through a secondary purchase in Kisan Mouldings (KML), a subsidiary of the Company.
Apollo Pipes further acquires 0.51% stake in Kisan Mouldings
28 - Feb - 2025 12:00 | 62 days ago
Apollo Pipes has made further investment by acquiring an additional equity stake of 0.51% through a secondary purchase in Kisan Mouldings (KML), a subsidiary of the Company.
Apollo Pipes acquires additional 0.50% stake in Kisan Mouldings
25 - Feb - 2025 12:00 | 65 days ago
Kisan Mouldings, a subsidiary of the company, is engaged in the manufacturing of PVC pipes, fittings, UV-resistant multi-layer water tanks, and allied products. The company is one of the largest manufacturers of pipes for various applications, including water supply, sanitation, sewerage, construction, cable ducting, drinking water, tube wells, and submersible pumps. As of now, the total paid-up equity share capital of KML stands at Rs 119.46 crore, with a turnover of Rs 268.01 crore for the financial year ending 31 March 2024.
With this secondary purchase, Apollo Pipes has increased its stake in KML from 55.58% to 56.08%, marking an increase of 0.50%. The acquisition is valued at approximately Rs 2.89 crore, paid in cash.
Apollo Pipes, as the holding company of KML, views this stake acquisition as a strategic investment to further strengthen its position in the market. The transaction, however, does not qualify as a related party transaction, and no promoter or group company has any interest in the acquisition.
Apollo Pipes is among the top 10 leading piping solution providers in India. With more than 3 decades of experience in the Indian Pipe Market, the company holds a strong reputation for high-quality products and an extensive distribution network.
The company had reported 34.3% decline in standalone net profit to Rs 5.97 crore despite a 10.4% increase in sales to Rs 244.64 crore in Q3 FY25 over Q3 FY24.
Board of Apollo Pipes approves allotment of 20 lakh convertible warrants
23 - Apr - 2025 12:00 | 8 days ago
The Board of Apollo Pipes at its meeting held on 23 April 2025 has approved the allotment of 20,00,000 fully convertible warrants at issue price of Rs 550 per warrant on preferential basis. With this allotment, the paid up equity share capital on fully diluted basis shall be Rs 46,04,82,060 (4,60,48,206 equity shares of Rs 10 each).
Apollo Pipes further acquires 0.51% stake in Kisan Mouldings
28 - Feb - 2025 12:00 | 62 days ago
Apollo Pipes has made further investment by acquiring an additional equity stake of 0.51% through a secondary purchase in Kisan Mouldings (KML), a subsidiary of the Company.
Apollo Pipes acquires additional 0.50% stake in Kisan Mouldings
25 - Feb - 2025 12:00 | 65 days ago
Kisan Mouldings, a subsidiary of the company, is engaged in the manufacturing of PVC pipes, fittings, UV-resistant multi-layer water tanks, and allied products. The company is one of the largest manufacturers of pipes for various applications, including water supply, sanitation, sewerage, construction, cable ducting, drinking water, tube wells, and submersible pumps. As of now, the total paid-up equity share capital of KML stands at Rs 119.46 crore, with a turnover of Rs 268.01 crore for the financial year ending 31 March 2024.
With this secondary purchase, Apollo Pipes has increased its stake in KML from 55.58% to 56.08%, marking an increase of 0.50%. The acquisition is valued at approximately Rs 2.89 crore, paid in cash.
Apollo Pipes, as the holding company of KML, views this stake acquisition as a strategic investment to further strengthen its position in the market. The transaction, however, does not qualify as a related party transaction, and no promoter or group company has any interest in the acquisition.
Apollo Pipes is among the top 10 leading piping solution providers in India. With more than 3 decades of experience in the Indian Pipe Market, the company holds a strong reputation for high-quality products and an extensive distribution network.
The company had reported 34.3% decline in standalone net profit to Rs 5.97 crore despite a 10.4% increase in sales to Rs 244.64 crore in Q3 FY25 over Q3 FY24.
Board of Apollo Pipes approves allotment of 20 lakh convertible warrants
23 - Apr - 2025 12:00 | 8 days ago
The Board of Apollo Pipes at its meeting held on 23 April 2025 has approved the allotment of 20,00,000 fully convertible warrants at issue price of Rs 550 per warrant on preferential basis. With this allotment, the paid up equity share capital on fully diluted basis shall be Rs 46,04,82,060 (4,60,48,206 equity shares of Rs 10 each).
Apollo Pipes further acquires 0.51% stake in Kisan Mouldings
28 - Feb - 2025 12:00 | 62 days ago
Apollo Pipes has made further investment by acquiring an additional equity stake of 0.51% through a secondary purchase in Kisan Mouldings (KML), a subsidiary of the Company.
Apollo Pipes further acquires 0.51% stake in Kisan Mouldings
28 - Feb - 2025 12:00 | 62 days ago
Apollo Pipes has made further investment by acquiring an additional equity stake of 0.51% through a secondary purchase in Kisan Mouldings (KML), a subsidiary of the Company.
Apollo Pipes acquires additional 0.50% stake in Kisan Mouldings
25 - Feb - 2025 12:00 | 65 days ago
Kisan Mouldings, a subsidiary of the company, is engaged in the manufacturing of PVC pipes, fittings, UV-resistant multi-layer water tanks, and allied products. The company is one of the largest manufacturers of pipes for various applications, including water supply, sanitation, sewerage, construction, cable ducting, drinking water, tube wells, and submersible pumps. As of now, the total paid-up equity share capital of KML stands at Rs 119.46 crore, with a turnover of Rs 268.01 crore for the financial year ending 31 March 2024.
With this secondary purchase, Apollo Pipes has increased its stake in KML from 55.58% to 56.08%, marking an increase of 0.50%. The acquisition is valued at approximately Rs 2.89 crore, paid in cash.
Apollo Pipes, as the holding company of KML, views this stake acquisition as a strategic investment to further strengthen its position in the market. The transaction, however, does not qualify as a related party transaction, and no promoter or group company has any interest in the acquisition.
Apollo Pipes is among the top 10 leading piping solution providers in India. With more than 3 decades of experience in the Indian Pipe Market, the company holds a strong reputation for high-quality products and an extensive distribution network.
The company had reported 34.3% decline in standalone net profit to Rs 5.97 crore despite a 10.4% increase in sales to Rs 244.64 crore in Q3 FY25 over Q3 FY24.
