Apollo Micro Systems to Acquire 41.33% of Premier Explosives for ₹1550 Cr

Apollo Micro Systems Limited has entered into a definitive agreement to acquire a 41.33% stake in Premier Explosives Limited for approximately ₹1550 Crores in an all-cash deal. This strategic acquisition aims to bolster Apollo's capabilities in defence technology and energetic materials, supporting next-generation defence and space programs. Premier Explosives, engaged in high energy materials and rocket motors, will continue to operate under its existing brand post-acquisition. The transaction is expected to close by the third quarter of 2026, subject to regulatory and shareholder approvals. This move is intended to enhance India's defence manufacturing capabilities and technological self-reliance.