Apollo Pipes board approves merger with Kisan Mouldings and KTPL

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APOLLOPIPE · price

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Price reaction · full curve 14 horizons · vs prior close

+1.0%1-day move

₹482.50

prior close

₹488.25

base price

After-mkt

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AI summary

Apollo Pipes board approved a two-step amalgamation scheme. First, KTPL (a wholly owned subsidiary of Kisan Mouldings) merges into Kisan Mouldings, then Kisan Mouldings merges into Apollo Pipes. Share swap ratio: 4.96 APL shares for every 100 KML shares. Appointed date April 1, 2026. Subject to NCLT, SEBI, BSE, and NSE approvals. APL promoter holding will dilute from 51.72% to 49.20% post the share issuance.

Likely market impact

Promoter stake drops from 51.72% to 49.20% via share issuance. Synergies expected, but deal needs NCLT and other regulatory approvals.