APL Apollo Tubes Approves Disinvestment of Entire Stake in Real Estate Subsidiary
The Board of Directors of APL Apollo Tubes Limited has approved the proposal for the disinvestment of its entire shareholding in Blue Ocean Projects Private Limited (BOPPL), a wholly owned subsidiary engaged in holding real estate assets. The subsidiary will be sold to SG Realtor Private Limited, identified as a related party, for an aggregate consideration of ₹160 crore.The transaction, which was reviewed and approved by the company’s Audit Committee, outlines the sale of the company's stake in BOPPL to the proposed buyer, SG Realtor Private Limited.
Key details regarding the Proposed Transaction include:
- Transaction Status: The disinvestment of the entire shareholding in Blue Ocean Projects Private Limited (BOPPL).
- Proposed Buyer: SG Realtor Private Limited, a real estate business entity where the company’s Promoters and their immediate relatives hold over 20% of the equity share capital.
- Consideration: The aggregate consideration for the Proposed Transaction is ₹160 crore.
- Timeline: APL Apollo Tubes Limited intends to enter into a share sale/purchase agreement with SG Realtor Private Limited on or before December 31, 2026, and expects the transaction to be completed by December 31, 2026.
The transaction has been confirmed as a related party transaction and is being conducted at arm's length, based on a valuation report obtained from an independent registered valuer.
Financial Profile of Blue Ocean Projects Private Limited (As of March 31, 2026)
| Metric | Amount (₹ Crores) | Percentage of Consolidated Turnover |
|---|---|---|
| Turnover/Revenue | 14.91 | 0.06% |
| Total Income | 17.16 | 0.07% |
| Net Worth | 139.09 | 2.63% |
APLAPOLLO Stock Price Movement
Shares of APL Apollo Tubes Limited slipped on Thursday, settling at ₹1793.5 after losing 1.44% in trading. The stock traded within a day range stretching from ₹1788.3 to its previous close, with a total volume of 685,588 shares recorded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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