New Delhi, Jan. 1 -- Apollo Micro System share price rose as much 2.95% to Rs.279.55 apiece in Thursday's trading session after its subsidiary, Apollo Defense Industries, entered into a contract with a private company.

According to the exchange filing, the contract won by the subsidiary Apollo Defense is worth Rs.150 crore.

"This is to inform you that Apollo Defense Industries Private Limited, a subsidiary unit of Apollo Micro Systems Ltd, in its ordinary course of business, has entered into an Agreement with a Private Company for execution of a contract worth INR 1500 Million," the company said in the filing.

(This is a developing story)

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