Apollo Micro Systems Allots 33.85 Lakh Shares on Warrant Conversion

Apollo Micro Systems Limited has announced the allotment of 33,85,362 equity shares following the conversion of warrants. These warrants were initially allotted on a preferential basis. The company received Rs. 28.94 crore as the warrant exercise price from six allottees, including individuals and Ebisu Global Opportunities Fund Limited. This allotment increases the company's issued and paid-up capital to Rs. 36.07 crore, comprising 36,06,90,802 equity shares. The new shares will rank pari passu with the existing ones. The total value of the warrants converted is Rs. 28.94 crore, with an issue price of Rs. 114 per warrant and an exercise price of Rs. 85.50 per warrant.