Apollo Micro Systems Launches Open Offer for Premier Explosives

Apollo Micro Systems Limited, through its Manager to the Offer, Cumulative Capital Private Limited, has announced an open offer to acquire up to 1,39,77,911 equity shares of Premier Explosives Limited. This represents 26.00% of the total equity share capital at an offer price of ₹698 per share. The total consideration for the open offer is up to ₹975.66 Crores. The offer is made in compliance with SEBI (SAST) Regulations, 2011. The acquisition is part of a larger transaction, with AKS Family Trust identified as a seller.