Announced Fri, 26 Jun · 14:08 IST
KML board approves amalgamation with Apollo Pipes
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
-9.7%1-day move
₹37.01
prior close
₹35.16
base price
After-mkt
timing
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—+0.0+0.0—-9.7-14.2-18.5-22.6-26.4-33.6-36.1———
Up moveDown movePending
AI summary
The board of Kisan Mouldings (KML) approved a two-step amalgamation: first merging wholly owned unit KML Tradelinks into KML, then merging KML into Apollo Pipes (APL). KML shareholders will get 4.96 APL shares for every 100 KML shares. Appointed date: April 1, 2026. Subject to NCLT, SEBI, stock exchange and shareholder approvals. APL turnover Rs 887 cr vs KML Rs 250 cr.
Likely market impact
KML shareholders receive APL shares as KML merges into the bigger pipes firm, gaining exposure to a larger entity with Rs 887 cr turnover.