New Delhi, June 9 -- Multibagger defence stock Apollo Micro Systems rose more than 2% in Tuesday's trade (9, June) after the company announced key corporate developments through regulatory filings.

The company informed exchanges that 13,000 equity shares allotted upon conversion of warrants have been approved for trading on both the NSE and the BSE. The shares were issued at Rs.114 per share and rank pari passu with the company's existing equity shares. Trading approval for the newly allotted shares became effective from 9 June.

Further, Apollo Micro Systems shares gained after the company announced the allotment of 33.85 lakh equity shares upon the conversion of warrants. The allotment followed the receipt of Rs.28.94 crore as warrant ...