Apollo Micro Systems Limited — Board Meeting, 02-06-2025: Outcome of Board Meeting

Apollo Micro Systems has raised Rs. 308 Cr through a preferential allotment of 2.7 crore shares at Rs. 114 each from 53 investors, including LIC Mutual Fund. Additionally, 3.8 crore convertible warrants priced the same will bring in Rs. 108 Cr (with 25% paid upfront) from promoter and non-promoter investors, convertible within 6 months. This significant capital infusion boosts the company’s financial strength, supporting its growth and expansion plans.