Defence company AMS gets NSE, BSE, nod to issue convertible warrants on preferential basis

Hyderabad-based defence company Apollo Micro Systems Ltd (AMSL) said that it has received in principle approval from the National Stock Exchange of India Limited and BSE Limited for the issue of equity shares and convertible equity warrants on a preferential basis. The company said that the approval is for the issuance of 3,11,05,210 equity shares of Re 1 each at a price not less than Rs 114 to non-promoters on a preferential basis and 3,80,67,059 warrants convertible into 3,80,67,059 equity shares of Re 1. 

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