Announced Sat, 11 Jul · 11:21 IST
Apollo Micro Systems corrigendum on Rs 3,322 cr preferential issue of shares and warrants
General View source PDF
APOLLO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.9%1-day move
₹409.35
prior close
₹408.00
base price
After-mkt
timing
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AI summary
Apollo Micro Systems corrigendum to its July 6 board outcome. Revised preferential issue: 2.28 crore equity shares at Rs 416.60 each (about Rs 951.14 crores) to 55 investors, plus 5.69 crore convertible warrants at Rs 416.60 each (about Rs 2,371.09 crores) to 93 investors. Warrants convertible into 1 equity share within 12 months. Promoters Chanakya and Kanishka Reddy Baddam get 1.30 crore warrants each.
Likely market impact
Large Rs 3,322 cr preferential issue will dilute existing shareholders; promoter participation signals confidence. Watch share price post-allotment.