Announced Thu, 9 Jul · 20:09 IST
Apollo Micro Systems to acquire 41.33% stake in Premier Explosives for about Rs 1550 Cr
Compliance View source PDF
PREMEXPLN · price
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Price reaction · full curve 14 horizons · vs prior close
-5.9%1-day move
₹714.00
prior close
₹720.00
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AI summary
Apollo Micro Systems Ltd will acquire 41.33% promoter shares of Premier Explosives Ltd for about Rs 1550 crores in an all-cash deal. Premier Explosives makes high-energy materials, rocket motors, and munitions for defence and aerospace. After completion, Premier Explosives will operate under the Apollo Micro Systems umbrella with scaled performance. Deal expected to close in Q3 FY2026, subject to regulatory and shareholder approvals.
Likely market impact
Change of control with promoter exit at premium valuation. Shareholders may benefit if deal closes smoothly, pending approvals.