APL Apollo Tubes Limited
Aditya Birla Sun Life Mutual Fund increased its stake in APL Apollo Tubes to 1.95% from 1.50%, growing its shareholding from 4,159,312 to 5,408,177 shares. This indicates a purchase of 1,248,865 shares. The value of the stake increased from approximately ₹819.38 Cr to ₹1110.5 Cr based on the share price of ₹2064.30.
One of India's leading manufacturers of branded steel products, APL Apollo produces a comprehensive range of MS black pipes, galvanised tubes, pre-galvanised tubes, structural ERW steel tubes, and hollow sections. Operating ten manufacturing facilities across Delhi NCR, the company serves diverse sectors including urban infrastructure, housing, irrigation, solar plants, greenhouses, and engineering applications. Its extensive product portfolio and established manufacturing footprint distinguish it in the Indian steel tubes sector.
Joint venture between Aditya Birla Capital and Sun Life Financial of Canada. Among India's top five AMCs with over Rs 6.5 lakh crore in AUM across 100+ schemes. MD and CEO A. Balasubramanian is one of the most outspoken fund industry voices in India. CIO Mahesh Patil oversees the equity book with a consistent large and multicap tilt.