Apollo Micro Systems To Acquire 41.33% Of Premier Explosives For ₹1,550 Crore

Board approved acquisition of 41.33% stake in Premier Explosives Limited for Rs 1,550 Cr, triggering a mandatory open offer for additional 26%. Premier Explosives manufactures solid propellants for missile programs and countermeasure systems. Transaction subject to CCI and SEBI SAST approvals.