Stocks

APL Apollo Tubes promotes Arun Agarwal as COO

| Updated on April 15, 2019 Published on April 15, 2019

The board of APL Apollo Tubes has promoted Arun Agarwal from Head of South to Chief Operating Officer. Agarwal, who is currently is looking after the complete operations of the southern region, will be leading operations including sales, purchase and production across India, the company said in a statement.

Meanwhile, the company also said the infusion of ₹97 crore by a promoter group entity has been concluded through a preferential allotment of equity (four lakh shares at ₹1,800 a share) and convertible warrants (five lakh warrants at ₹2,000 apiece).

Shares of APL Apollo jumped 3.12 per cent at ₹1,502 on the BSE.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on April 15, 2019
This article is closed for comments.
Please Email the Editor