Apollo Micro Systems open offer to acquire 26 percent of Premier Explosives at Rs 698 per share

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

+0.5%1-day move

₹664.45

prior close

₹660.10

base price

After-mkt

timing

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AI summary

Apollo Micro Systems Limited is making a cash open offer to acquire up to 1.39 crore equity shares (26 percent stake) of Premier Explosives Limited at Rs 698 per share, totaling up to Rs 975.66 crores. This follows a Share Purchase Agreement to buy 41.33 percent from promoter AKS Family Trust for Rs 1,550 crores. Tendering period: September 1 to 15, 2026.

Likely market impact

Major acquisition with promoter exiting. Shareholders can tender shares during Sep 1 to 15 window. Likely to drive near-term price action.