Apollo Micro Systems rises on getting nod to borrow funds up to Rs 200 crore
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Apollo Micro Systems is currently trading at Rs. 34.15, up by 0.25 points or 0.74% from its previous closing of Rs. 33.90 on the BSE.
The scrip opened at Rs. 34.50 and has touched a high and low of Rs. 34.50 and Rs. 33.65 respectively. So far 54198 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 37.97 on 23-Jan-2023 and a 52 week low of Rs. 11.16 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 36.00 and Rs. 33.65 respectively. The current market cap of the company is Rs. 788.18 crore.
The promoters holding in the company stood at 59.10%, while Institutions and Non-Institutions held 3.71% and 37.19% respectively.
Apollo Micro Systems has received an approval to borrow funds to an amount not exceeding Rs 200 crore for expansion of facility, General Corporate Expenses and for acquisition of technologies or companies. The Board of Directors of the company in their meeting held on May 29, 2023, has considered the same.
Apollo Micro Systems offers custom built COTS (Commercially off-the shelf) solutions based on specific requirements to defence and space customers.
