Announced Fri, 10 Jul · 12:04 IST
Apollo Micro Systems to buy 41.33% in Premier Explosives for INR 1550 Cr
APOLLO · price
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Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹401.15
prior close
₹409.85
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.0+0.1-0.1+0.5+1.1+1.0-0.8-1.5-2.2————
Up moveDown movePending
AI summary
Apollo Micro Systems will acquire 41.33% promoter stake in Premier Explosives Limited for about INR 1550 crores in an all-cash deal under a definitive share purchase agreement. Deal is expected to close in Q3/December 2026, subject to regulatory and shareholder approvals. Premier Explosives makes high energy materials, rocket motors and munitions for defence and aerospace. Move aims to combine defence electronics with energetic materials capabilities.
Likely market impact
Significant all-cash acquisition that strengthens defence and aerospace portfolio. Pending approvals, it could boost long-term growth prospects.