This aerospace and defence company's shares in focus today, Check details here
शेयर बाजार भी पाकिस्तान से कई गुना बड़ा
Shares of aerospace and defence company Apollo Micro Systems Ltd (AMSL) are in focus today as the company has informed exchanges that its board of directors has considered and approved the allotment of 2.70 crore equity shares on a preferential basis. The counter opened in the green today at Rs 198.55 on the BSE against the previous close of Rs 197.20. It reached a high of Rs 201, a 1.92 per cent gain from the last trading price. However, it fell later amid profit booking and touched the intraday low of Rs 191. Last seen, it was trading at Rs 196.25.
Earlier on Monday, the stock hit a fresh 52-week high of Rs 202. The 52-week low of the counter is Rs 88.10.
Issue Price of Equity Shares
According to the company's information, the issue price of these equity shares is Rs 114 each, including a Premium of Rs 113 per share. This aggregates to 308.28 crore. 'The company has received subscription money of Rs. 308,28,89,916/—against the issue of 2,70,42,894 Equity Shares,' the filing reads.
Convertible Equity Warrants
The board has also approved the allotment of 3.80 core convertible equity warrants on a preferential basis at an issue price of Rs 114, aggregating to Rs 108.4 crore.
Signs MoU with Munitions India
Earlier, the company signed a promising agreement with state-owned Munitions India. This partnership is set to develop advanced defence systems, positioning the company for growth in both domestic and international markets.
'As part of the Memorandum of Understanding (MoU), both entities will identify and pursue opportunities for the design, development, and deployment of advanced defence technologies,' the company said in a regulatory filing.
The Hyderabad-based company has also solidified its position in the market by forming a strategic alliance with Troop Comforts. This agreement involves joint manufacturing, marketing, and development of advanced air-defence systems, including anti-drone and anti-aircraft solutions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Loan scam: Case against education consultancy for duping finance firm of Rs 2.5 crore; police probe in Telangana
HYDERABAD: The economic offences wing (EOW) of Cyberabad police has registered a case of cheating and criminal intimidation against the directors of an education consultancy accused of defrauding a city-based non-banking financial company (NBFC) of over Rs 2.5 crore. According to a complaint filed by Keerthi Kumar Jain (44), director of the NBFC, the company disbursed a loan of Rs 1.5 crore on Feb 28, 2024, to an Erragadda-based education consultancy, represented by its directors B Kishore Kumar and B Shravan Kumar Beengi. The loan was sanctioned based on invoice receivables and employee details submitted by the accused. However, a subsequent internal audit revealed that the invoice was fabricated and the employee records were forged. When the NBFC confronted the consultancy and suspended further disbursals, the accused allegedly severed all communication and even issued threats of 'grave consequences' to complainant. "To date, not a single instalment has been repaid. The borrowers are deliberately evading contact, indicating clear intent to cheat from the beginning," Jain said in his complaint. As of March 29, 2025, the outstanding dues, including principal, interest, and charges, amounted to Rs 2.25 crore. Despite repeated visits, calls, emails, and legal notices, there has been no response from the borrowers, prompting the NBFC to approach the police. Based on the complaint, Cyberabad EOW registered a case on June 17 against Kishore and Shravan under sections 318(4) (cheating), 316(2) (criminal breach of trust), read with 3(5) (common intention) of the Bharatiya Nyaya Sanhita. Police have initiated an investigation and are currently verifying loan documents and financial transaction details between both parties.
New Indian Express
an hour ago
- New Indian Express
SpiceJet asked to pay Rs 25,000 compensation to passenger for issuing wrong ticket
MUMBAI: A consumer commission here has held that a senior citizen suffered "monetarily and mentally" after SpiceJet issued incorrect tickets while rerouting his journey in 2020, and directed the airline to pay a compensation of Rs 25,000 to the passenger. The District Consumer Disputes Redressal Commission, Mumbai (Suburban), in the order passed on June 17, held the budget carrier guilty of "deficient service and negligent behaviour" for the error which caused "mental harassment" to the passenger. In view of the urgent need of the passenger (age not specified in the order), the airline had made an alternate booking - where the wrong ticket was issued - after his initial flight was cancelled due to bad weather. The commission acknowledged that the flight cancellation was beyond the control of the airline, and the Air Traffic Control (ATC) had taken the decision in view of the passengers' safety. It noted the airline had taken all the necessary efforts to provide an alternate ticket to the complainant, However, the said ticket was incorrect and thereby the complainant suffered "monetarily and mentally", it said. The commission further stated the complainant also "acted negligently". "Had the complainant checked the ticket when it was issued, the mistake could have been rectified on the spot and the complainant could have saved himself from further hardship," it said. The complainant, a senior citizen residing in Ghatkopar area here, booked Spicejet tickets from Mumbai to Darbhanga for December 5, 2020, and a return journey two days later.
Time of India
an hour ago
- Time of India
Realty market rebounds after two-year slump: 13% monthly growth in registrations since Feb 2025, says Telangana IT minister; buyers warned of scams
HYDERABAD: After two years of sluggish growth, Hyderabad's real estate sector is experiencing a strong resurgence, said IT and Industries minister D Sridhar Babu at the Times Home Hunt Property Expo on Saturday. He stated that the market had recorded consistent 13% month-on-month growth in property registrations since February 2025. "The real estate sector registered a 15.4% growth in 2024-25, while the construction sector alone contributed 11.97%, adding nearly 80,000 crore to the state's economy," he said. He also noted that in February 2025, 5,900 property registrations were recorded, with 18% of the registered properties priced above Rs 1 crore. Year-on-year transactional growth stood at 6%. The Times Home Hunt Property Expo featured residential and commercial projects from 35 developers across Hyderabad, showcasing around 100 real estate projects focused on smart homes, gated communities, and wellness-oriented townships. 3,000 visitors on first day The two-day expo, which concludes on Sunday, recorded around 3,000 visitors on its opening day. Overall, the event is expected to attract nearly 5,000 footfalls across both days. Entry is free for all homebuyers at the Hitex Exhibition Center. The event is presented by Aparna Constructions, with powered sponsorship from Ramky Estates, My Home Group, and Candeur Constructions. It is held in association with Auro, SRIAS, R-One, and ASBL, while Union Bank of India serves as the official banking partner. Sridhar Babu cautioned homebuyers to remain vigilant due to a rise in property scams. He urged them to verify RERA, HMDA and other approvals, and to carry out background checks on developers before making investments. He recommended that buyers register properties only through the Build Now portal, an initiative by the state govt to streamline approvals and ensure accountability and transparency in the real estate process.
