By Victor Dasgupta
Copyright india
Shares of Apollo Micro Systems gained on Thursday September 18 2025 after the company informed exchange that it has inked a Memorandum of Understanding’s (MoU) with Sibersentinel Technologies Limited and Zoom Technologies (India) Private Limited to develop cybersecurity solutions for nations critical institutions. The stock started the trading session at Rs 340.75 on the BSE against the previous close of Rs 340. It gained further to touch the high of 248 or 2.35 from the previous close.
Technically the stock is trading higher than the 5-day 20-day 50-day 100-day and 200-day moving averages.
Apollo Micro Systems Limited has entered into a Memorandum of Understanding’s (MoU) with Sibersentinel Technologies Limited and Zoom Technologies (India) Private Limited. The purpose of this MoU is to jointly design develop and deploy advanced cybersecurity solutions tailored for Government Agencies Statutory Bodies Financial Institutions and other critical infrastructure sectors said the defence firm.
Earlier the company announced the completion of its preferential allotment of equity shares and convertible warrants raising a total of over Rs 416 crore.
The allotments were made to promoter group Non-Executive Director Aditya Kumar Halwasiya and LIC Mutual Fund.
In a statement the company said the preferential issue involved 2.70 crore equity shares allotted at Rs 114 each aggregating to Rs 308 crore along with 3.80 crore convertible equity warrants issued at the same price with 25 per cent upfront subscription aggregating to Rs 108.5 crore in initial proceeds.
An additional Rs 325.50 crore is anticipated within six months as the rest 75 per cent of the convertible warrants proceeds.
As part of the preferential issue the promoter group has subscribed to 1.68 crore convertible equity warrants. Halwasiya was allotted 15 lakh shares and an additional 15 lakh convertible equity warrants and LIC Mutual Fund participated with an allotment of 26.31 lakh shares.
