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Board approved up to ₹300 crore investment in subsidiaries to enter tiles and ceramics, including potential acquisitions, and a preferential issue of 31 lakh non-promoter warrants at ₹610 each, raising up to ₹189.1 crore. Conversion could represent 6.31% of fully diluted equity. Context: a first move beyond its core piping business.
Apollo Pipes Approves ₹300 Crore Tiles Investment And ₹189 Crore Warrant Issue
Apollo Pipes Schedules August 31 Board Meeting To Consider Fund Raising
Apollo Pipes Promoter Group Acquires 13.5 Lakh Shares, Stake Reaches 54.78%