Apollo Micro Systems allots 9885 lakh convertible warrants

10 Dec 2022 , 01:33 AM

Apollo Micro Systems has allotted 9885070 warrants on preferential basis at an issue price [including the warrant subscription price Rs 4650 per warrant and the warrant exercise price Rs 13950 per warrant] of Rs 186 each aggregating to Rs 1838623020 to Karunakar Reddy Baddam Promoter of the Company and to certain other non-promoter persons entities Each of the warrant so allotted is convertible into or exchangeable for one fully paid-up equity share of face value of Re 10 of the Company in accordance with the provisions of Securities and Exchange Board of India Issue of Capital and Disclosure Requirements Regulations 2018 on payment of the balance consideration of Rs 13950 per warrant being 75Percentage of the issue price per warrant from the Allottees at the time of allotment of equity shares pursuant to exercise of conversion option against each such warrant