Apollo Micro Systems surges on inking pact to acquire 41.33% stake in Premier Explosives
Apollo Micro Systems is currently trading at Rs. 409.90, up by 11.30 points or 2.83% from its previous closing of Rs. 398.60 on the BSE.
The scrip opened at Rs. 413.00 and has touched a high and low of Rs. 417.90 and Rs. 403.75 respectively. So far 10.87 lakh shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 466.70 on 03-Jul-2026 and a 52 week low of Rs. 162.25 on 28-Jul-2025.
Last one week high and low of the scrip stood at Rs. 461.00 and Rs. 387.30 respectively. The current market cap of the company is Rs. 14,645.95 crore.
The promoters holding in the company stood at 51.98%, while Institutions and Non-Institutions held 5.45% and 42.58% respectively.
Apollo Micro Systems has entered into a definitive share purchase agreement with Premier Explosives to acquire Promoter shares of 41.33% for around Rs 1550 crore in all cash deal. Premier Explosives is engaged in the business of High Energy Materials, rocket motors for defence & aerospace, countermeasures and munitions. The transaction is expected to close in third quarter/December 2026, subject to customary closing conditions, regulatory approvals, shareholder approval, etc.
Following completion, Premier Explosives will come under umbrella of Apollo Micro Systems and will continue to operate under its existing brand, with scaled performance. The transaction combines complementary capabilities in defence systems and energetic materials, enabling operational efficiencies, enhanced R&D, and broader participation in defence and space-related programmes.
