Apollo Micro Systems has entered into a definitive share purchase agreement with Premier Explosives to acquire Promoter shares of 41.33% for around Rs 1550 crore in all cash deal. Premier Explosives is engaged in the business of High Energy Materials, rocket motors for defence & aerospace, countermeasures and munitions. The transaction is expected to close in third quarter/December 2026, subject to customary closing conditions, regulatory approvals, shareholder approval, etc.
Following completion, Premier Explosives will come under umbrella of Apollo Micro Systems and will continue to operate under its existing brand, with scaled performance. The transaction combines complementary capabilities in defence systems and energetic materials, enabling operational efficiencies, enhanced R&D, and broader participation in defence and space-related programmes.
Apollo Micro Systems offers custom built COTS (Commercially off-the shelf) solutions based on specific requirements to defence and space customers.
| Company Name | CMP |
|---|---|
| Hindustan Aeronaut. | 4506.55 |
| Bharat Electronics | 414.90 |
| DCX Systems | 199.90 |
| Astra Microwave Prod | 1803.80 |
| Zen Technologies | 1880.10 |
| View more.. | |
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