APL Apollo Pipes Limited has acquired an additional 1% equity stake in KML, taking the total equity holding to 57.08%. The cost of acquisition is approximately INR 5.59 crore, and the total paid-up is INR 119.5 crore.
Feb 27, 2025
APL Apollo Pipes Limited has acquired an additional 1% equity stake through a secondary purchase in subsidiary Kisan Mouldings Limited. The company has increased the total equity holding from 56.08% to 57.08% in KML.
The cost of acquisition is approximately INR 5.59 crore, according to an exchange filing. The total paid-up equity share capital of KML as of the date is INR 119.5 crore.
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KML is an existing subsidiary of APL Apollo Pipes Limited and is primarily engaged in the manufacturing of PVC pipes, fittings, UV-resistant multilayer water tanks, and allied products.
