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Apollo Micro Systems informs about outcome of committee meeting

05 Dec 2022 Evaluate
Apollo Micro Systems has informed that pursuant to the approval of the Board of Directors at its meeting held on 13th October 2022 and approval of the members of the Company at their Extra-Ordinary General Meeting held on 12th November 2022 and pursuant to In-principle approvals granted by BSE Limited and National Stock Exchange of India vide their respective letters dated 22nd November 2022 and upon receipt of an amount aggregating to Rs 45,96,55,755 (Rupees Forty Five Crores Ninety Six Lakhs Fifty Five Thousand Seven Hundred and Fifty Five only) at the rate of Rs 46.5 per warrant (being 25% of the issue price per warrant) as warrant subscription price, the Securities Allotment Committee of the Board of Directors of the Company, has considered and approved the Allotment of 98,85,070 (Ninety Eight Lakhs Eighty Five Thousand and Seventy) warrants on preferential basis at an issue price [including the warrant subscription price (Rs 46.50 per warrant) and the warrant exercise price (Rs139.50 per warrant)] of Rs186 each (Rupees One Hundred and Eighty Six only) aggregating to Rs183,86,23,020 (Rupees One Hundred and Eighty Three Crores Eighty Six Lakhs Twenty Three Thousand and Twenty only), to Karunakar Reddy Baddam, Promoter of the Company and to certain other non-promoter persons/ entities (‘Allottees’) (as per the list enclosed marked as Annexure I).

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

Apollo Micro Systems Share Price

282.95 40.65 (16.78%)
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