Apollo Micro Systems surges on signing agreement to extend timeline for investment in Ananya SIP RF Technologies

13 May 2020 Evaluate
Apollo Micro Systems is currently trading at Rs. 71.80, up by 1.50 points or 2.13% from its previous closing of Rs. 70.30 on the BSE.

The scrip opened at Rs. 74.00 and has touched a high and low of Rs. 74.95 and Rs. 71.45 respectively. So far 6723 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 149.00 on 27-May-2019 and a 52 week low of Rs. 40.00 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 78.00 and Rs. 68.10 respectively. The current market cap of the company is Rs. 149.19 crore.

The promoters holding in the company stood at 63.92%, while Institutions and Non-Institutions held 8.50% and 27.58% respectively.

Apollo Micro Systems has duly signed an addendum to the Investment cum Shareholders Agreement to extend the timeline for making investment in Ananya SIP RF Technologies for a further period of 90 days (total 180 days), as the investment gets delayed due to the prevailing pandemic COVID-19.

Except above, all the existing provisions of the agreement remain unaffected.

Apollo Micro Systems is in the business of designing, development and manufacturing of electronics and electro-mechanical systems including software.


Apollo Micro Systems Share Price

95.30 -1.10 (-1.14%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
DCX Systems 294.40
Syrma SGS Technology 471.00
Kaynes Technology 2890.00
Centrum Electronics 1695.55
Avalon Technologies 494.00
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.