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Apollo Pipes gains on acquiring additional 3.34% equity stake in KML

The company has further acquired share of its subsidiary as a strategic investment

Apollo Pipes is currently trading at Rs. 328.95, up by 2.60 points or 0.80% from its previous closing of Rs. 326.35 on the BSE.

The scrip opened at Rs. 326.40 and has touched a high and low of Rs. 330.10 and Rs. 326.40 respectively. So far 1603 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 495.00 on 27-May-2025 and a 52 week low of Rs. 252.80 on 21-Jan-2026.

Last one week high and low of the scrip stood at Rs. 348.35 and Rs. 324.05 respectively. The current market cap of the company is Rs. 1445.00 crore.

The promoters holding in the company stood at 46.84%, while Institutions and Non-Institutions held 16.01% and 37.16% respectively.

Apollo Pipes has made further investment by acquiring an additional equity stake of 3.34% through a secondary purchase in Kisan Mouldings (KML), a subsidiary of the company. The cost of the acquisition is around Rs 9.80 crore. With this investment, the company has increased its holding from 58.60% to 61.94% (an increase of 3.34%) in KML. The company has further acquired share of its subsidiary as a strategic investment.

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.