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Apollo Pipes acquires majority controlling stake in Kisan Mouldings

27 Mar 2024 Evaluate

Apollo Pipes has entered into definitive agreements and acquired a majority controlling stake in Kisan Mouldings (KML). Apollo Pipes’ strategic move to solidify its presence in the Pipes and Fitting Industry in India.

Under the transaction, Apollo has secured its position through preferential issue allotment of 6,40,00,000 equity shares, at an issue price of Rs 18.50 per share, having face value of Rs 10 each. This strategic investment marks a pivotal moment for both Apollo and KML, showcasing a convergence of industry giants poised to redefine standards and drive unparalleled growth. Total investment for this strategic acquisition is Rs 118.40 crore.

The acquisition aligns seamlessly with Apollo's overarching strategy to fortify its foothold as a premier manufacturer in the Plastic Pipe Industry within India. By integrating KML into its portfolio, Apollo aims to expand its legacy while unlocking synergistic benefits that promise greater market penetration and entry into new end-user segments. Additionally, the acquisition will facilitate Apollo's geographical expansion, particularly in the Western and Central regions, further leveraging the esteemed ‘KML’ network for accelerated growth.

Apollo Pipes is engaged in the manufacturing and trading of PVC Pipes and Fittings. The company is headquartered in Delhi and among the market leader in piping and related products segment under brand name of APL Apollo.


Apollo Pipes Share Price

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