APL Apollo Tubes Limited (BSE:533758) agreed to acquire Assets of production unit of Taurus Value Steel & Pipes Private Limited for approximately INR 700 million on April 12, 2019. The consideration will be paid in cash. The transaction is approved by Board of Directors of APL Apollo Tubes Limited. As of April 26, 2019, shareholders of Shankara Building Products Limited (BSE:540425) parent of Taurus Value Steel & Pipes Private Limited approved the transaction.