KITARA PIIN 2401 acquires 4.34% in Apollo Pipes via warrant conversion
APOLLOPIPE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.3 pts less than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Non-promoter PE investor KITARA PIIN 2401 acquired 20 lakh equity shares (4.34%) in Apollo Pipes on Oct 17, 2026 through conversion of warrants issued on a preferential basis. Combined holding with PACs Ohana India Growth Fund and Amicorp Capital rose from 18.47 lakh shares (4.01%) to 38.47 lakh shares (8.35%). The company allotted 20 lakh fresh shares, expanding equity base from 4.40 crore to 4.60 crore shares.
Non-promoter fund crosses 5% threshold, now near 10% trigger. Fresh equity issued via preferential allotment causes dilution for existing shareholders.