Apollo Pipes Strengthens Grip on Kisan Mouldings with 0.50% Stake Increase

Apollo Pipes Ltd has further solidified its position in Kisan Mouldings (KML) by acquiring an additional 0.50% equity stake through a secondary purchase. This strategic move, announced on February 24, 2025, increases Apollo Pipes' holding in KML from 53.57% to 54.07%. The acquisition, valued at approximately Rs 2.58 crore, demonstrates Apollo's commitment to expanding its presence in the plastic pipe industry.

This latest investment follows Apollo's significant acquisition of a majority controlling stake in KML in January 2025, where it secured 6,40,00,000 equity shares at Rs 18.50 per share, totaling Rs 118.40 crore. The ongoing consolidation aligns with Apollo's strategy to strengthen its market position and leverage KML's established network, particularly in Western and Central India.

Apollo Pipes, headquartered in Delhi, continues to assert its dominance in the PVC pipes and fittings segment under the APL Apollo brand name.

Source: Moneyworks4me, February 24, 2025