APL Apollo Tubes Limited has approved the acquisition of an additional 31% equity stake in SG Enterprise Solutions Private Limited (“SSC”) for ₹1,55,000. This acquisition will raise APL Apollo’s shareholding in SSC from 20% to 51%, making SSC a subsidiary of the company. The company also reported its unaudited financial results for the quarter and half year ended September 30, 2026.
Strategic Acquisition Boosts Stake to 51%
APL Apollo Tubes Limited announced today that its Board of Directors has approved the acquisition of an additional 31% equity stake in SG Enterprise Solutions Private Limited (“SSC”). The transaction involves the purchase of 15,500 equity shares at ₹10 each for an aggregate cash consideration of ₹1,55,000.
Upon completion of this acquisition, APL Apollo Tubes Limited’s equity shareholding in SSC will increase from the current 20% to 51%. This strategic move will result in SG Enterprise Solutions Private Limited becoming a subsidiary of APL Apollo Tubes Limited.
Financial Results Approved
In addition to the acquisition, the Board of Directors also approved the unaudited financial results, both standalone and consolidated, for the quarter and half year ended September 30, 2026. These results were reviewed by the statutory auditors, Walker Chandiok & Co. LLP.
Transaction Details
The acquisition is being made on an arm’s length basis. SG Enterprise Solutions Private Limited was incorporated on September 10, 2026, and is yet to commence operations. The company will function as a Group Shared Services Company, providing common corporate support services to participating Group entities through a centralized model.
The acquisition is expected to be completed by December 31, 2026.
Source: BSE
