Apollo Pipes Limited — Important, 11-02-2025: General Updates

Apollo Pipes Limited has made a strategic investment by acquiring an additional equity stake of 0.50% in Kisan Mouldings Limited (KML), raising its holding from 53.57% to 54.07%. The cost of this acquisition is approximately Rs. 2.58 Crores. KML, a subsidiary of Apollo Pipes, operates in the PVC Pipes & Fittings sector and reported a turnover of Rs. 268.01 Cr for the financial year 2023-2024. This move underscores the company's commitment to enhancing its control over KML and signals a positive outlook for its long-term growth potential in the PVC market. Investors should watch closely for any further strategic developments in this segment.