Apollo Pipes Limited (BSE:531761) agreed to acquire the Asset of production unit of Kisan Mouldings Limited on July 18, 2019. The consideration will be paid in cash and cost of acquisition is subject to the valuation of the assets. On July 18, 2019, the board of directors of Apollo Pipes Limited has approved the transaction. The transaction is subject to the completion of due diligence and is expected to be completed within 60 days from signing of the basic memorandum of understanding and the time period can be extended by mutual agreement.

Apollo Pipes Limited (BSE:531761) completed the acquisition of Asset of production unit of Kisan Mouldings Limited in third quarter ended December 31, 2020.