Announced Fri, 18 Sept, 2026 · 22:35 IST
Apollo Pipes unit buys 76 percent in Mazzini Tiles for Rs 40.42 Cr
APOLLOPIPE · price
▲ 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
-2.1%1-day move
₹538.60
prior close
₹549.80
base price
After-mkt
timing
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-2.6-0.4+0.4-0.1-2.1-2.9-5.0-4.9-2.4-6.2————
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AI summary
Apollo Pipes' subsidiary Apollo Ceramics Limited has bought a 76 percent controlling stake in Mazzini Tiles LLP for Rs 40.42 Crore in cash. Mazzini makes ceramic tiles at Morbi, Gujarat, with FY26 turnover of Rs 87.15 Crore and installed capacity of 72 lakh sq m annually. The deal is part of Apollo Pipes' board-approved Rs 300 Crore investment plan to expand into the tiles and ceramics business.
Likely market impact
Broadens Apollo Pipes into ceramic tiles with an operating manufacturing base and instant revenue stream. Positive for diversification and long-term growth.