Latest News | Apollo Micro Systems to Subdivide Share in 1:10 Ratio
Get latest articles and stories on Latest News at LatestLY. Apollo Micro Systems Ltd (AMSL), which provides technology-based solutions to infrastructure and transportation players, has fixed May 4 as the record date to split its shares in the ratio of 1:10.
New Delhi, May 2 (PTI) Apollo Micro Systems Ltd (AMSL), which provides technology-based solutions to infrastructure and transportation players, has fixed May 4 as the record date to split its shares in the ratio of 1:10.
In a statement on Tuesday, the company announced its share will be divided in the ratio of 1:10. The current face value of each share is Rs 10 and after the split, the new value of each share would be Re 1.
"The record date is on Thursday, 4 May, 2023 for the purpose of sub-division of 1 equity share of Rs 10 each into 10 equity shares of Re 1 each fully paid up," Apollo Micro Systems said.
Shares of the company on Tuesday ended 5 per cent up at Rs 328.75 apiece on BSE.
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Besides, the Hyderabad-based company offers solutions to industries like aerospace and defence, railways and automotive sectors, among others.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)