The board of Apollo Pipes on Thursday approved the acquisition of assets along with the related properties’ rights, benefits, etc. of the Bangalore production unit of Kisan Mouldings at below ₹30 crore. The unit has production capacity of 9,000 tpa. The acquisition will result in higher volumes, presence in new regions, better competitive strengths and reduced freight cost, it said. The stock slipped 0.97 per cent at ₹395.05 on the BSE.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.