Apollo Micro Systems to acquire 26% of Premier Explosives at Rs 698 per share

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF

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₹664.50

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₹661.00

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AI summary

Apollo Micro Systems has launched an open offer to buy up to 1.39 crore equity shares (26% of capital) of Premier Explosives at Rs 698 per share, totaling about Rs 975.66 crore. The offer is under SEBI SAST Regulations. Cumulative Capital is the manager to the offer. Detailed public statement was published on July 16, 2026 in Business Standard and other newspapers.

Likely market impact

Public shareholders can tender shares at Rs 698 per share. Total offer size about Rs 975.66 crore.