Branch2 Intelligence
Apollo Micro Systems board approves ₹3,322 crore fund raise via various methods; Stock in focus
Key takeaway
Apollo Micro Systems board approves ₹3,322 crore fund raise via preferential shares and convertible warrants.
- Step 11st-order: Apollo Micro Systems board approves ₹3,322 crore fund raise, strengthening its capital base.
- Step 22nd-order: The company is identified as a beneficiary of DAC's ₹52,000 crore defence procurement plan, ensuring a multi-year order pipeline.
- Step 33rd-order: Increased order book and capital enable Apollo to scale production, potentially displacing foreign suppliers in Indian defence contracts.
Source: CNBC TV18 (Markets)
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