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(As on Jan 17, 2017, 11:24)

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APL Apollo Tubes completes acquisition of Blue Ocean Projects

APL Apollo Tubes said that it has completed the acquisition of Blue Ocean Projects by acquiring all the shares of Blue Ocean Projects on January 14, 2017.

“The Company has completed the said acquisition of Blue Ocean Projects Private Limited by acquiring all the shares (100%) of Blue Ocean Projects Private Limited on January 14, 201&,” it said in a filing to the Bombay Stock Exchange.

Consequent to the acquisition, Blue Ocean Projects Private Limited has now become a wholly owned subsidiary of the Company w.e.f January 14, 2017.

Meanwhile, shares of the company were trading at Rs 1030 apiece, up 1.91 per cent from the previous close at 11:30 hours on BSE.

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