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.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)