APL Apollo Tubes Limited has approved the sale of its entire shareholding in Blue Ocean Projects Private Limited to SG Realtor Private Limited for ₹160 crore. The transaction involves the divestment of the company's wholly owned subsidiary, which holds real estate assets, and is expected to be completed by December 31, 2026.

The Board of Directors granted approval at its meeting held on June 27, 2026, based on the recommendation of the Audit Committee. SG Realtor Private Limited, the buyer, is classified as a related party because the promoters of APL Apollo Tubes and their immediate relatives hold more than 20% of its equity share capital.

The company stated that the transaction is being conducted at arm's length, with the consideration determined by a valuation report from an independent registered valuer. A share sale and purchase agreement is scheduled to be signed on or before December 31, 2026.

Blue Ocean Projects Private Limited contributed minimally to the consolidated operations of APL Apollo Tubes in the last financial year. As on March 31, 2026, the subsidiary's turnover was ₹14.91 crore, representing 0.06% of the consolidated turnover, while its net worth stood at ₹139.09 crore, accounting for 2.63% of the consolidated net worth.

Financials of Blue Ocean Projects Private Limited

apl apollo tubes witnessed a notable block trade on the National Stock Exchange (NSE), with the transaction valued at ₹68.55 crores. The deal involved approximately 374,587 shares, executed at a price of ₹1830.00 per share, reflecting significant institutional or large-investor activity in the stock.

Block Trade Details

The following table summarizes the key parameters of the block trade recorded on the NSE:

Block trades of this scale typically indicate participation by institutional investors or large stakeholders, and are executed outside the regular order book to minimize market impact. The transaction in APL Apollo Tubes underscores continued interest in the company's shares among large-scale market participants.