Apollo Micro Systems to purchase 41.33% share of Premier Explosives
Apollo Micro Systems is set to buy a 41.33% promoter stake in Premier Explosives for approximately ₹1,550 crore. The deal is slated to close by the third quarter of the 2027 fiscal year, pending necessary regulatory clearances. This move is designed to bolster Apollo’s position in the aerospace and defence sectors by incorporating Premier’s specialized knowledge in munitions, rocket motors, high-energy materials, and countermeasures.
by shortkt.com✓