Apollo Micro Systems zooms on entering into Term Loan agreement with Bajaj Finance
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Apollo Micro Systems is currently trading at Rs. 72.31, up by 3.26 points or 4.72% from its previous closing of Rs. 69.05 on the BSE.
The scrip opened at Rs. 68.49 and has touched a high and low of Rs. 74.45 and Rs. 65.28 respectively. So far 639546 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 80.00 on 20-Oct-2023 and a 52 week low of Rs. 20.71 on 02-Nov-2022.
Last one week high and low of the scrip stood at Rs. 80.00 and Rs. 65.28 respectively. The current market cap of the company is Rs. 2029.14 crore.
The promoters holding in the company stood at 52.67%, while Institutions and Non-Institutions held 8.58% and 38.75% respectively.
Apollo Micro Systems has entered into Term Loan agreement with Bajaj Finance. The company has entered into agreement to avail credit facilities in the form of Term Loan upto Rs 15 crore from Bajaj Finance to incur capex for Research and development (R&D).
Apollo Micro Systems offers custom built COTS (Commercially off-the shelf) solutions based on specific requirements to defence and space customers.
