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APL Apollo Tubes’ arm makes minority equity investment in Shankara Building Products

22 Mar 2022 Evaluate

APL Apollo Tubes’ wholly owned subsidiary -- APL Apollo Mart has made minority equity investment in Shankara Building Products (Shankara) through a combination of purchase of secondary promoter shares and proposed preferential allotment of convertible warrants. The investment is in-line with APL Apollo’s growth vision.

APL Apollo Tubes is a leading manufacturer and exporter of Steel Pipes & Tubes, Aluminised Steel Tubes, Black Steel Tubes, Hot Dipped & Pre Galvanised Steel Tubes, Fence Tubes and Structural Steel.

Peers
Company Name CMP
JSW Steel 1261.00
Tata Steel 186.00
Steel Authority 184.45
Jindal Stainless 745.30
APL Apollo Tubes 2200.00
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