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Apollo Pipes informs about change in directorate

14 Mar 2023 Evaluate
In terms of the provisions of Regulation 30 of the Listing Regulations, Apollo Pipes has informed about outcome of the meeting of Board of Directors of Apollo Pipes. The board has considered and approved the issue and allotment of up-to 47,20,000 Fully Convertible Warrants (Warrants) of Face value of Rs 10 each carrying a right exercisable by the Warrant holder to subscribe to one Equity Share per Warrant to persons belonging to ‘Promoter & Promoter Group’ and ‘Non-Promoter’ Category on preferential basis (Preferential Issue) at an issue price of Rs 550 in accordance with provisions of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and applicable provisions of Companies Act, 2013 and rules made thereunder aggregating up to Rs 2,59,60,00,000 to be convertible at the option of the warrant holder in one or more tranches within 18 months from the date of allotment into equivalent number of fully paid-up equity shares of face value of Rs 10 each for cash, subject to the approval of shareholders and other statutory approvals. The names of the proposed allottees are as enclosed.

The above information is a part of company’s filings submitted to BSE.

Apollo Pipes Share Price

466.15 10.15 (2.23%)
17-Apr-2026 16:59 View Price Chart
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