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Apollo Micro Systems informs about company updates

05 Feb 2020 Evaluate

In continuation to letter dated 01st February, 2020, Apollo Micro Systems has informed that the Company through its authorized signatory Karunakar Reddy Baddam, Managing Director has duly signed the Investment cum Shareholders Agreement (Agreement) on 04th February, 2020 with Ananya SIP RF Technologies (ASIP RF) in order to acquire majority stake in ASIP RF, that is, 51% equity share capital. Further, the necessary developments will be informed to exchanges from time to time in order to give effect to the above transaction as per the terms and conditions of the agreement and necessary approvals. The information under Regulation 30 of SEBI (LODR) Regulations, 2015 and SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015 is enclosed . 

The above information is a part of company’s filings submitted to BSE.

Apollo Micro Systems Share Price

286.85 -2.40 (-0.83%)
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