APL Apollo Tubes Share Price in Focus; Board Approves ₹160 Crore Subsidiary Disinvestment

APL Apollo Tubes has approved the disinvestment of its entire shareholding in Blue Ocean Projects Private Limited (BOPPL), a wholly owned subsidiary engaged in holding real estate assets. 

The approval was granted by the company's board of directors at its meeting held on June 27, 2026, following the in-principle approval announced in May this year.  

Board Approves ₹160 Crore Disinvestment 

The board has approved the sale of the company's entire shareholding in BOPPL to SG Realtor Private Limited for an aggregate consideration of ₹160 crore. 

The proposal was approved based on the recommendation of the Audit Committee.  

Share Purchase Agreement By December 

APL Apollo Tubes said it will enter into a Share Purchase Agreement with SG Realtor Private Limited on or before December 31, 2026. 

The proposed transaction is also expected to be completed by December 31, 2026, with the company receiving the full consideration upon completion.  

Subsidiary's Financial Contribution 

As of March 31, 2026, Blue Ocean Projects reported turnover of ₹14.91 crore, accounting for 0.06% of APL Apollo Tubes' consolidated turnover. 

The subsidiary reported total income of ₹17.16 crore and had a net worth of ₹139.09 crore, representing 2.63% of the company's consolidated net worth.  

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APL Apollo Tubes Share Price Performance 

As of 25 June 2026, APL Apollo Tubes share price was closed at ₹1,793.50 per share, reflecting a decline of 1.79% from the previous trading session. 

Conclusion 

APL Apollo Tubes has approved the ₹160 crore disinvestment of its wholly owned subsidiary, Blue Ocean Projects Private Limited, to SG Realtor Private Limited. The transaction, expected to be completed by December 31, 2026, has been classified as a related party transaction and will be executed on an arm's length basis based on an independent valuation.  

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