Apollo Pipes Allots 20 Lakh Shares on Warrant Conversion, Receiving ₹82.50 Crore
- Capital raise
- Plastic Pipes
Apollo Pipes Limited has told the exchanges that its finance committee approved on 17 Oct 2026 the allotment of 20,00,000 equity shares of face value ₹10 each to KITARA PIIN 2401, a non-promoter, on exercise of an equal number of warrants. The warrants were allotted on a preferential basis on 23 Apr 2025 at an issue price of ₹550 each.
The company received the balance consideration of ₹412.50 a warrant, 75% of the issue price, which comes to ₹82,50,00,000, about ₹82.50 crore. Paid-up equity share capital rises from ₹44,04,82,060 (4,40,48,206 shares) to ₹46,04,82,060 (4,60,48,206 shares), an increase of about 4.5%. The new shares rank equally with the existing shares.
Sign up to continue reading
Create a free account to read the rest of this article and the analysis that follows.
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
