American Funds (Capital Group) decreased its stake in APL Apollo Tubes Limited from 10.38% to 9.09%, reducing its shareholding by 3,591,237 shares. Based on the current market price of ₹2064.30 per share, the approximate value of shares sold is ₹74.14 Cr.
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.
India equity holdings of American Funds, the mutual fund family of Capital Group. Long-only, fundamentally driven strategy.
