Announced Sat, 27 Jun · 12:38 IST
APL Apollo to sell Blue Ocean Projects subsidiary for 160 crore
Strategic Transactions View source PDF
APLAPOLLO · price
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Price reaction · full curve 14 horizons · vs prior close
-0.5%1-day move
₹1799.90
prior close
₹1799.90
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AI summary
APL Apollo's board approved selling its entire stake in Blue Ocean Projects Pvt Ltd, a wholly owned subsidiary holding real estate assets, to SG Realtor Pvt Ltd, a related party, for 160 crore. BOPPL contributed only 0.06% of consolidated turnover. Deal expected to close by December 31, 2026, at arm's length basis per independent valuation.
Likely market impact
Minor divestment of non-core real estate holding. 160 crore expected by December 2026. Limited impact on core tube business.