Apollo Pipes increases stake in Kisan Mouldings Limited
Apollo Pipes Limited (BSE: APOLLOPIPE) announced today that it has increased its equity holding in Kisan Mouldings Limited (KML), a subsidiary company, from 56.08% to 57.08%. The acquisition was executed through a secondary purchase. The cost of acquisition is approximately ₹5.59 Crores. As of the latest figures, the total paid-up Equity Share Capital of Kisan Mouldings Limited is ₹1,19,46,30,650/-, and its turnover for the financial year ended March 31, 2024, was ₹268.01 Cr. Apollo Pipes stated that this acquisition represents a strategic investment in its subsidiary.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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