APL Apollo Tubes has received approval for the acquisition of an additional 31% equity stake, comprising 15,500 equity shares of Rs 10 each, in SG Enterprise Solutions (SSC) for an aggregate cash consideration of Rs 1.55 lakh.
Upon completion of the acquisition, the company’s equity shareholding in SSC will increase from 20% to 51%, consequent to which SSC will become a subsidiary of the Company. The Board of Directors of the Company in its meeting held on October 26, 2026, has considered and approved the same.
APL Apollo Tubes is engaged in the business of production of Electric Resistance Welded (ERW) steel tubes.
