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Premier Explosives inks pact with Apollo Micro Systems
Jul-10-2026

Premier Explosives and Apollo Micro Systems have entered into a definitive share purchase agreement. As per the agreement, Apollo Micro Systems will acquire promoter shares of 41.33% of the company for around Rs 1550 crore in all cash deal. The transaction is expected to close in third quarter ended December 2026, subject to customary closing conditions, regulatory approvals, shareholder approval, etc. 

Following completion, the company 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.

Premier Explosives is engaged in manufacture of high energy materials like bulk explosives, packaged explosives, detonators, detonating fuse, solid propellants, pyrogen igniters, pyro devices, etc., having applications in mining, infrastructure, defence, space, homeland security and such other areas.

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