-11.85 (-2.42%) Apollo Pipes has made further investment by acquiring an additional equity stake of 0.50% through a secondary purchase in Kisan Mouldings (KML), a subsidiary of the Company. The cost of acquisition is around Rs 2.58 crore. The company has increased its holding from 53.57% to 54.07% (an increase of 0.50%) in KML.
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.