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Apollo Micro Systems Ltd. ( (IN:APOLLO) ) has issued an announcement.
Apollo Micro Systems Ltd. announced the allotment of 1,21,47,964 equity shares following the conversion of warrants previously issued on a preferential basis. This move, approved by the company’s Securities Allotment Committee, increases the company’s issued and paid-up capital to Rs 35,43,91,700. The newly allotted shares will hold equal standing with existing shares, potentially enhancing the company’s capital structure and market positioning.
More about Apollo Micro Systems Ltd.
Apollo Micro Systems Ltd. operates in the technology sector, focusing on the design and development of electronic and electro-mechanical systems. The company primarily serves the aerospace, defense, and space industries, providing innovative solutions and products tailored to these specialized markets.
Average Trading Volume: 1,247,458
Technical Sentiment Signal: Buy
Current Market Cap: 90.99B INR
Learn more about APOLLO stock on TipRanks’ Stock Analysis page.