Apollo Pipes Ltd.

Amulya Leasing & Finance is planning to become a manufacturing company through merger of a 51 per cent of its unlisted subsidiary Apollo Pipes. The new entity’s name has been proposed as Apollo Irrigation Systems. In this regard, the company’s board would meet next week to formally consider the merger proposal.

Through a postal ballot, the company has already sought shareholders’ consent for changing name and nature of the business.

Amulya Leasing and Finance, a Delhi based company is engaged in the business of financing, and sale and purchase of shares in India.