Apollo Pipes Limited Approves Equity Allotment to KITARA PIIN 2401
1 report, 1 independent
Updated 00:00
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What happened
The Finance Committee of Apollo Pipes Limited approved the allotment of 20,00,000 fully paid-up equity shares to non-promoter investor KITARA PIIN 2401 on October 17, 2026. This allotment resulted from the full conversion of fully convertible warrants that had been issued on a preferential basis. The warrants were initially issued on April 23, 2025, with a total consideration of ₹110 crore.
From equitybulls.com
Why it matters
The corporate action updates the company's paid-up share capital and investor ownership structure. The allotment was approved after the receipt of the remaining 75% consideration, which amounted to ₹82,50,00,000.
From equitybulls.com
Who's involved
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The entities involved
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board of directors
group of people who jointly supervise the activities of an organization