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Apollo Micro Systems nears deal to buy Premier Explosives
Apollo Micro Systems is nearing a deal to acquire Premier Explosives for Rs. 2,300-2,500 crore. This acquisition includes an open offer to minority shareholders of the target company. Premier Explosives manufactures explosives for defense and industrial applications, including TNT. India's defense expenditure is projected to rise significantly, creating opportunities for private players. Other companies like Adani Defense and Tata are also expanding their defense sector investments.
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economictimes.indiatimes.com
Apollo Micro Systems nears deal to buy Premier Explosives
Apollo Micro Systems is nearing a deal to acquire Premier Explosives for Rs. 2,300-2,500 crore. This acquisition includes an open offer to minority shareholders of the target…
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Apollo Micro Systems shares rise over 1% as company nears Premier Explosives deal
Apollo Micro Systems shares gained after reports said the company is close to acquiring Premier Explosives in a deal valued at Rs 2,300-2,500 crore. The proposed acquisition would…
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thehindu.com
Apollo Micro Systems to acquire majority stake in Premier Explosives
Apollo Micro Systems to acquire 41.33% of Premier Explosives, enhancing capabilities in defense technology and manufacturing.