Apollo Pipes Limited — Important, 14-02-2025: General Updates

Apollo Pipes Limited has further increased its stake in its subsidiary, Kisan Mouldings Limited (KML), from 55.08% to 55.58% through a secondary purchase for approximately ₹2.88 Crore. KML, primarily engaged in manufacturing PVC pipes and fittings, had a turnover of ₹268.01 Cr for the financial year ending March 31, 2024. The acquisition signals Apollo's intent to solidify its investment in KML, enhancing its control and strategic alignment within the PVC pipe industry. With KML being a key player in water supply and sanitation solutions, this development presents a positive outlook on growth potential.