Apollo Micro Systems to subdivide share in 1:10 ratio

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.

Besides, the Hyderabad-based company offers solutions to industries like aerospace and defence, railways and automotive sectors, among others.