Apollo Pipes Expands Stake in Kisan Mouldings to 56.08%

Apollo Pipes Limited has further strengthened its position in Kisan Mouldings Ltd (KML) by acquiring an additional 2.01% stake. This latest acquisition brings Apollo Pipes' total equity holding in KML to 56.08%, solidifying its majority control. The move follows a series of strategic investments by Apollo Pipes in KML, including a recent purchase of 0.50% equity stake for Rs 2.58 crore earlier this month. This ongoing consolidation aligns with Apollo Pipes' long-term strategy to enhance its market presence in the plastic piping industry. The acquisition is expected to leverage synergies between the two companies, potentially leading to expanded product offerings and market reach.

 

Source: Exchange Filing