Apollo Micro Systems to split share in 1:10 ratio

New Delhi: 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 Rs10 and after the split, the new value of each share would be Re1. "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.