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 Ltd for approximately INR 1550 Crores in an all-cash deal. This strategic acquisition aims to bolster Apollo's capabilities in defence and space programmes by integrating Premier Explosives' expertise in high-energy materials, rocket motors, and munitions. The transaction is expected to close by the third quarter of 2026, subject to regulatory and shareholder approvals. Premier Explosives will continue to operate under its existing brand post-acquisition, contributing to a stronger, integrated indigenous defence and aerospace ecosystem.