Apollo Pipes rises on acquiring additional equity stake in KML
Apollo Pipes has made further investment by acquiring an additional equity stake of 1.01% through a secondary purchase in Kisan Mouldings (KML) (Target Entity), a subsidiary of the Company. Apollo Pipes, being the Holding Company of Target Entity, has further acquired share of its subsidiary as a strategic investment. The Company has increased its holding from 57.59% to 58.60% in KML.