Apollo Micro Systems shares in focus on Rs 1,550 crore deal to acquire 41% stake in Premier Explosives

Apollo Micro Systems is set to acquire a 41 percent stake in Premier Explosives for Rs 1,550 crore, strengthening its presence in the defence and aerospace sectors. Premier Explosives manufactures rocket motors, countermeasures, and munitions for defence and aerospace applications. The deal, expected to close by December 2026, will trigger a mandatory open offer for up to 26 percent additional stake from public shareholders under SEBI takeover regulations, and remains subject to CCI and shareholder approvals.