13h ago
Aastha Spintex board to weigh 1:1 bonus issue and Rs 10-per-share final dividend on July 23
Aastha Spintex said its board will meet on July 23 to consider a 1:1 bonus share issue and a final dividend of up to Rs 10 per equity share. The stock closed at Rs 108.20, down 6.88%, and has hit its 52-week low. The company said it has an order book of about Rs 76.78 crore, more than 21% of its FY2024-25 revenue. It has also completed the acquisition of Falcon Yarns, taking annual spinning capacity to 17,457 MT.
13h ago
7-13
Apollo Micro Systems to raise Rs 3,322 crore via fresh equity issue at Rs 416.60 per share
Apollo Micro Systems said it will raise Rs 3,322 crore through a fresh equity issuance, including 2,28,30,902 preferential shares priced at Rs 416.60 each and 5,69,15,380 convertible equity warrants. The company also signed an agreement to acquire a 41.33% promoter stake in Premier Explosives Limited, with closing expected by December 2026. The stock rose 2.57% in the previous session to Rs 408. The shares are up 48.24% year-to-date.
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