Apollo Micro Systems open offer at Rs 698/share for 26% of Premier Explosives

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF

PREMEXPLN · price

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▲ 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

-0.9%1-day move

₹670.00

prior close

₹666.40

base price

In-mkt

timing

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AI summary

Apollo Micro Systems Limited has launched an open offer to acquire up to 1,39,77,911 equity shares (26 percent) of Premier Explosives Limited from public shareholders at Rs 698 per share, aggregating up to Rs 975.66 crore. The offer is made under SEBI Takeover Regulations. The Detailed Public Statement was published in Business Standard and regional newspapers on July 16, 2026.

Likely market impact

Mandatory open offer triggered at Rs 698/share. Investors may tender shares or hold based on outlook; signals acquisition interest.