News

Apollo Micro System share price rose as much 2.95% to ₹279.55 apiece in Thursday's trading session after its subsidiary, Apollo Defense Industries, entered into a contract with a private company.

According to the exchange filing, the contract won by the subsidiary Apollo Defense is worth ₹150 crore.

“This is to inform you that Apollo Defense Industries Private Limited, a subsidiary unit of Apollo Micro Systems Ltd, in its ordinary course of business, has entered into an Agreement with a Private Company for execution of a contract worth INR 1500 Million,” the company said in the filing.

(This is a developing story)

Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Download the Mint app and read premium stories