Apollo Micro to acquire 41.33% stake in Premier Explosives for Rs 1,550 cr
APOLLO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Apollo Micro Systems has signed a definitive deal to buy 41.33% promoter stake in Premier Explosives for about Rs 1,550 crore in an all-cash transaction. Premier Explosives makes high energy materials, rocket motors, countermeasures, and munitions for defence and aerospace. The acquisition combines Apollo's defence electronics with Premier's energetic materials expertise, targeting next-generation defence and space programmes. The deal is expected to close by December 2026, subject to regulatory and shareholder approvals.
Major all-cash acquisition expands Apollo's defence footprint; Rs 1,550 cr outlay may pressure leverage. Stock likely to react sharply.