Apollo Pipes Enters Ceramic Tiles Sector

has acquired a 76% stake in Mazzini Tiles LLP for ₹40.42 crore, marking its entry into the ceramic tiles sector. The transaction has been undertaken through its subsidiary Apollo Ceramics Limited, expanding the company’s presence beyond its core piping business. The acquisition gives Apollo Pipes exposure to the growing ceramics and building materials segment, while strengthening its portfolio of construction-related products. The move also aligns with the company’s broader expansion strategy and could provide an additional platform for growth in the building materials market. Apollo Pipes Ltd has acquired a 76% stake in Mazzini Tiles LLP for ₹40.42 crore, marking its entry into the ceramic tiles sector. The transaction has been undertaken through its subsidiary Apollo Ceramics Limited, expanding the company’s presence beyond its core piping business. The acquisition gives Apollo Pipes exposure to the growing ceramics and building materials segment, while strengthening its portfolio of construction-related products. The move also aligns with the company’s broader expansion strategy and could provide an additional platform for growth in the building materials market.