Announced Fri, 10 Jul · 12:47 IST
Apollo Micro Systems launches open offer for Premier Explosives at INR 698
PREMEXPLN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-5.9%1-day move
₹714.00
prior close
₹692.40
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0-0.0+0.0-0.1-5.9-6.4-6.2-6.7-7.0-8.0————
Up moveDown movePending
AI summary
Apollo Micro Systems to acquire up to 1.39 crore shares (26%) of Premier Explosives from public shareholders at INR 698 per share, totalling up to INR 975.66 crores in cash. This follows an SPA with AKS Family Trust to buy 2.22 crore shares (41.33%) at about INR 697.52 per share, valued at INR 1,550 crores. Post-deal, Apollo Micro Systems will hold up to 67.33% and become the new promoter. No delisting planned. Subject to CCI approval.
Likely market impact
Open offer at INR 698 gives public shareholders an exit option; change of control to Apollo Micro Systems as new promoter awaits CCI clearance.