Apollo Micro surges 10%; boards okays warrants issue up to Rs 185 crore

The company said it will issue 1.9 million warrants to Nexpact Limited, Mauritius and 1.2 million warrants to Maybank Securities Pte. Ltd.

Shares of Apollo Micro Systems soared 10 per cent to Rs 237.75 on the BSE in Friday’s intra-day trade after the company’s board approved issue of warrants to promoters and non-promoter group person on preferential basis.

The stock of defence company is trading higher for the third straight day and rallied 34 per cent during the period. It was quoting at its highest level since April 2018.



Apollo Micro Systems on Thursday after market hours announced that its board approved to issue up to