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Apollo Pipes Acquires 76% Stake In Mazzini Tiles For ₹40 Crore


18 September 2026
Apollo Pipes Ltd.

Apollo Ceramics subsidiary acquired 76% stake and profit-sharing in Mazzini Tiles LLP for Rs40.42cr cash, completed. Mazzini manufactures tiles/ceramics (PGVT) at Morbi with 72 lakh sqm capacity, revenue Rs87.15cr in FY26. Part of Rs300cr tiles plan. Context: first tiles acquisition under Rs300cr plan


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