Apollo Pipes Ltd.

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.
Apollo Pipes being the holding company of target entity has further acquired shares of its subsidiary as a strategic investment. The cost of acquisition is around Rs 2.89 crore. The Company has increased its holding from 55.58% to 56.08% (an increase of 0.50%) in KML. 

Kisan Mouldings is the existing subsidiary and is primarily engaged in the manufacturing of PVC pipes, Fittings, UV Resistant multi-layer water tank and allied products. 

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.