aerospace and defence: Apollo Micro Systems incorporates subsidiary for defence business
Apollo Micro Systems Ltd (AMSL) has formed a new subsidiary called Apollo Defence Industries Pvt Ltd (APDIPL) to focus on the defence sector. The Hyderabad-based company offers technology-based solutions in various sectors including infrastructure, transportation, and aerospace. Promoter Karunakar Reddy has subscribed to 1,400 equity shares of Rs 10 each in APDIPL.