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Shares of Apollo Micro Systems Limited are one of many multibagger shares that the Indian inventory market has delivered lately. This defence and aerospace firm’s inventory value has ascended round 250 % within the final one yr whereas, within the final 5 years, Apollo Micro Systems share value has appreciated to the tune of 625 %. The defence and aerospace inventory right this moment witnessed robust shopping for curiosity and went on to the touch an intraday excessive of ₹100.05 apiece on NSE. While climbing to this intraday excessive, Apollo Micro Systems share value touched a 5 % higher circuit as properly.
The multibagger defence inventory is within the information as the corporate has declared getting into right into a time period mortgage settlement with the State Bank of India (SBI). The measurement of this time period mortgage settlement is ₹252.50 crore.
Apollo Micro Systems information
The defence and aerospace firm knowledgeable the Indian inventory market exchanges concerning the time period mortgage settlement with SBI saying, “As per our earlier intimation dated twenty first February 2024 relating to the sanction of the time period mortgage and renewal cum enhancement of working capital limits from State Bank of India, we’re happy to tell you that the corporate has now entered right into a Term Loan Agreement with State Bank of India.”
1] The Cash Credit (CC) restrict has been renewed and enhanced from an current restrict of ₹52.50 crores to ₹57.50 crores;
2] The Inland Bank Guarantee (IBG) restrict has been renewed and enhanced from an current restrict of ₹40 crores to ₹50 crores;
3] The Inland Letter of Credit (ILC) restrict has been renewed for ₹35 crores.
On the entire measurement of this time period mortgage settlement with SBI, the defence and aerospace firm stated, “Term Loan of ₹110 crores & Renewal and Enhancement of Credit Facilities of ₹142.50 crores.” The date of execution of the mortgage settlement is twenty eighth March 2024.
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Published: 01 Apr 2024, 11:15 AM IST
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