Apollo Pipes' subsidiary acquired a 76% controlling stake in Mazzini Tiles LLP for ₹40.42 Crore, expanding its presence into the tiles and ceramics market.
Apollo Pipes Limited is raising ₹189.10 Crore through a preferential issue of 31 lakh equity shares. This capital infusion strengthens the company's financial position.
Apollo Pipes Merger & Restructuring Worth ₹0.05 Cr
Apollo Pipes Ltd incorporated a wholly owned subsidiary, Apollo Ceramics Limited, to manufacture and trade tiles and ceramics. The investment involved is ₹0.05 Crore.
Apollo Pipes Ltd issued a corrigendum to its Postal Ballot Notice dated August 31, 2026, regarding its proposed preferential issue of fully convertible warrants.
CRISIL Ratings has upgraded the credit rating of Apollo Pipes Ltd to CRISIL A1+. This action reflects an improvement in the company's credit assessment.
Apollo Pipes Ltd received a credit rating upgrade from CRISIL Ratings for its bank facilities. The ratings for total facilities of ₹280 Crore were upgraded.
Apollo Pipes announced a preferential issue of fully convertible warrants totaling ₹189.10 Crore to non-promoter investors. This fundraising activity alters the company's capital structure.
Apollo Pipes issued a postal ballot notice for increasing authorized share capital and seeking approval for a preferential issue of convertible warrants to non-promoters.
Apollo Pipes Limited issued a Postal Ballot notice seeking shareholder approval for increasing authorized share capital and a preferential issue of warrants worth ₹189.10 Crore.
Apollo Pipes Board approved a ₹189.10 Crore preferential issuance of 31 lakh warrants to non-promoters. It also approved a ₹300 Crore investment for a tiles and ceramics subsidiary.
Apollo Pipes Limited scheduled a board meeting for 31st August 2026 to consider a proposal for raising funds via equity or convertible securities issuance.