Apollo Micro Systems Launches Open Offer for Premier Explosives Ltd

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 Ltd. The offer price is set at ₹698 per share, valuing the total transaction at approximately ₹975.66 Crores. This represents 26.00% of the total equity share capital of Premier Explosives Ltd. The Detailed Public Statement, in compliance with SEBI (SAST) Regulations, was published on July 16, 2026, in Business Standard (English) and Nava Telangana (Hyderabad).