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Construction : Deals | October 2014 | Source : Construction Update

Amulya Leasing plans to acquire additional stake in Apollo Pipes

Financial services provider Amulya Leasing and Finance Ltd has plans to incresed its stake to 30.9 per cent through buying additional 13.62 per cent stake in Apollo Pipes Ltd. It did not disclosed the value of transaction. Established in the year2000. Apollo Pipes Ltd is a leading manufacturer of irrigation Systems, sprinklers, CPVC, HDPE, UPVC, Column pipes and fittings for irrigation, plumbing and water transportation systems. It's a part of Sudesh Group of Industries began with manufacturing U-PVC pipes with a capacity of 3600 MT per annum. Today the company produces 24000 MTPA of U-PVC Pipes, 36000 MT PA of PE pipes and 2400 MT PA of PPR pipes.
 
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