Apollo Pipes acquires additional 3.34% equity stake in KML
The company has further acquired share of its subsidiary as a strategic investment
Apollo Pipes has made further investment by acquiring an additional equity stake of 3.34% through a secondary purchase in Kisan Mouldings (KML), a subsidiary of the company. The cost of the acquisition is around Rs 9.80 crore. With this investment, the company has increased its holding from 58.60% to 61.94% (an increase of 3.34%) in KML. The company has further acquired share of its subsidiary as a strategic investment.
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.
