Defence stock Apollo Micro Systems declares preferential issue at ₹114 per share. Details here
Live MintStock Market Today: Apollo Micro Systems declared raising of funds through the issuance of preferential issue at ₹114 per share. In its release on the exchanges, Apollo Micro Systems said that the Board of Directors of the company, at its meeting held on Thursday, 09th January 2025 at the Company's registered office, have considered and approved the increase of Authorized capital and preferential share issue. Preferential shares- Apollo Micro Systems will issue up to 3,34,18,806 Equity shares of Face Value R 1/- each at a price of ₹114/- each including premium of ₹113/- per share aggregating to around ₹381 Crore on a preferential basis. “The Authorized capital of Apollo Micro Systems thereby has been increased from the existing ₹36,00,00,000/- divided into 36,00,00,000 Equity Shares of ₹1 /- each to ₹45,00,00,000/- divided into 45,00,00,000 Equity Shares of ₹1/- each by the addition there to a sum of ₹9,00,00,000/- divided into 9,00,00,000 Equity Shares of ₹1/-,” the defence and aerospace company said in an exchange filing.
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