Apollo Micro Systems Allots 87.6 Lakh Shares on Warrant Conversion

Apollo Micro Systems Ltd has announced the allotment of 87,65,615 equity shares following the conversion of warrants. These warrants were initially allotted on a preferential basis. The company received Rs. 74.94 crore as the warrant exercise price for these conversions. This allotment increases the company's issued and paid-up capital to Rs. 36.94 crore, consisting of 36,94,56,417 equity shares. The newly allotted shares will rank pari passu with the existing equity shares.