Apollo Micro Systems shares in focus on Rs 1,550 crore deal to acquire 41% stake in Premier Explosives

Apollo Micro Systems shares will be in focus after the company signed a definitive agreement to acquire the promoters' 41.33% stake in Premier Explosives for around Rs 1,550 crore in an all-cash deal. The acquisition is expected to bolster Apollo's defence and aerospace capabilities by adding expertise in high-energy materials, rocket motors, countermeasures and munitions.