APL Apollo to sell BOPPL subsidiary to related party for Rs 160 crore

APLAPOLLO · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.5%1-day move

₹1799.90

prior close

₹1799.90

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.4+0.2+0.4+0.1-0.5-0.7-0.8-0.2+0.3+0.9+0.7———

Up moveDown movePending

AI summary

APL Apollo Tubes board approved sale of its entire stake in Blue Ocean Projects Pvt Ltd (BOPPL), a wholly owned subsidiary holding real estate assets, to SG Realtor Pvt Ltd for Rs 160 crore. BOPPL contributed only 0.06% of consolidated turnover (Rs 14.91 crore) but 2.63% of net worth (Rs 139.09 crore) as on March 31, 2026. The buyer is a related party, with APL Apollo promoters holding over 20 percent in it. Deal to close by December 31, 2026, at arms length pricing based on an independent valuation.

Likely market impact

Divests a non-core real estate subsidiary for Rs 160 crore cash. Related party deal priced at arms length. Minimal effect on core steel tubes business.