Announced Sat, 27 Jun · 12:30 IST
APL Apollo to sell real estate arm BOPPL to related party for Rs 160 cr
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
base price
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AI summary
APL Apollo Tubes' board approved selling its entire stake in wholly owned subsidiary Blue Ocean Projects (BOPPL), which holds real estate assets, to SG Realtor for Rs 160 crore. BOPPL contributed just 0.06 percent of consolidated turnover and 2.63 percent of net worth in FY26. Buyer SG Realtor is a related party, as promoters and their relatives hold over 20 percent in it. The deal is priced at arm's length per an independent valuer and is expected to close by December 31, 2026.
Likely market impact
Minor, non-core divestment of a small real estate subsidiary; immaterial to core steel tubes business but a related-party deal worth noting.