Sells Subsidiary for ₹160 Crore in Related Party Deal
APL Apollo Tubes Limited · APLAPOLLO · NSE ·
Announced the sale of its subsidiary, Blue Ocean Projects Private Limited, for a cash consideration of **₹160 Crores**. The buyer is SG Realtor Private Limited. The deal is classified as a **Related Party Transaction**, as APL's promoters hold over 20% equity in the buyer. The di…