Apollo Micro Systems open offer for Premier Explosives at INR 698 per share
PREMEXPLN · price
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Apollo Micro Systems Limited (Acquirer) has announced an open offer to acquire up to 1,39,77,911 equity shares, representing 26 percent of the equity share capital of Premier Explosives Limited (Target Company), from public shareholders. Offer price is INR 698 per share plus applicable interest of INR 7.65, payable in cash. The offer is made under SEBI Takeover Regulations 2011. The pre-offer advertisement and corrigendum to the detailed public statement was published on October 8, 2026 in Business Standard (English, all editions), Navshakti (Marathi) and Nava Telangana (Telugu).
Public shareholders can tender shares at INR 698 each; signals a major acquisition event for Premier Explosives.