Apollo Micro Systems, a prominent player in the aerospace, defence, and homeland security sectors, has successfully completed a preferential allotment of equity shares and convertible warrants, raising more than Rs 416 crore. The allotment was made to its promoter group, Non-Executive Director Aditya Kumar Halwasiya, and LIC Mutual Fund. The funds raised will be channelled towards expanding the company’s growth initiatives, fulfilling working capital needs, and enhancing its innovation capabilities in high-tech, mission-critical solutions.