Multibagger defence stock Apollo Micro Systems to be in focus on Friday; here's why

Apollo Micro Systems announced acquisition of a 41.33% stake in Premier Explosives for approximately ₹1,550 crore in an all-cash deal, followed by a mandatory open offer for up to 26% from public shareholders under SEBI takeover regulations. Premier Explosives will become a subsidiary upon completion, expected by December 2026, combining capabilities in defence systems and energetic materials. The acquisition aligns with the company's strategy to build an indigenous defence platforms ecosystem under the Aatmanirbhar Bharat and Make in India initiatives, and follows a separate capital-raising plan of over ₹3,322 crore approved earlier.