Apollo Micro Systems completes 26% open offer for Premier Explosives
PREMEXPLN · price
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On the reaction day the stock moved 2.0 pts less than its Chemicals & Petrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Apollo Micro Systems acquired 1,39,77,911 Premier Explosives shares, or 26% of its 5,37,61,195 paid-up shares and voting rights, from public shareholders. The open offer closed on 26 October 2026 and payment was made on 4 November 2026. The purchase of 41.33% from promoters is still pending.
Apollo now owns 26% and is set to gain sole control after the promoter purchase, creating potential control-related price volatility.