New Delhi, Nov. 27 -- Apollo Micro Systems, a small-cap defence company, has increased its capital base through a warrant conversion. The company allotted 1,21,47,964 equity shares to six investors, including select promoters, a whole-time director and non-promoter groups, following the conversion of warrants issued on a preferential basis.

In an exchange filing on November 26, the company said the company's paid-up equity capital has increased to Rs.35.43 crore, comprising 35,43,91,700 shares of face value Rs.1 each after the conversion of warrants to equities.

The conversion price for each share was Rs.114, with Rs.85.50, or 75% of the issue price, paid at the time of conversion.

This allotment is part of the larger preferential issu...