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Shares of aerospace and protection firm Apollo Micro Systems gained on Thursday on the again of bagging a defence order. The firm via an trade submitting knowledgeable that it has secured a price Rs 43 crore.
“With reference to captioned subject and pursuant to regulation 30 of SEBI (LODR) Regulations, 2015, we are pleased to inform that Company has bagged projects, worth Rs 43.98 crore,” the corporate mentioned in an trade submitting.
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Apollo Micro Systems is a smallcap firm. It is a pioneer within the design, growth, meeting and testing of digital and electro-mechanical options. It caters to aerospace, protection and area, railways and automotive sectors.
Shares of Apollo Micro Systems have yielded an enormous 139 per cent return up to now one 12 months. In perspective, one share which was obtainable at Rs 138 is now obtainable for Rs 331.
Meanwhile, the corporate’s board had final month introduced to separate its shares. The board of administrators at a gathering held on January 21 accredited the sub-division of fairness shares of the face worth of Rs 10 every within the ratio of 10:1. It signifies that every share might be subdivided into 10 shares.
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After the cut up comes into impact, the face worth of every share of Apollo Micro Systems will cut back to Rs 1 every.
The document date for the cut up of fairness shares, in response to an trade submitting, shall be determined by the board and might be intimated sooner or later of time.
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Source: www.indiatvnews.com
