Apollo Micro Systems gain after signing acquisition pact with ASIP
The shares of Apollo Micro Systems Limited gained today after the company informed that it will acquire more than 50 per cent stake in Ananya SIP RF Technologies Private Limited (ASIP).
In a regulatory filing, Apollo Micro Systems said on Tuesday that the Managing Director, Karunakar Reddy Baddam has signed the investment-cum-shareholders agreement with ASIP in order to acquire 51 per cent equity share capital. The company further added that the acquisition would help them in...