Apollo Micro Systems sets ₹698 open offer price for Premier Explosives stake
- Apollo Micro Systems plans an open offer for up to 26% stake in Premier Explosives
- The offer price is set at ₹698 per equity share
- SEBI granted final approval via letter dated August 21, 2026
- Tendering begins within 12 working days of CCI approval
*this image is generated using AI for illustrative purposes only.
Apollo Micro Systems plans to make an open offer for up to a 26% equity stake in Premier Explosives Limited at a price of ₹698 per share. The Securities and Exchange Board of India conveyed its final approval via a letter dated August 21, 2026.
This development follows the company’s initial disclosure on July 9, 2026, regarding its intention to acquire the stake in compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Regulatory Process
The company stated it will take further steps as recommended by SEBI and as required under the open offer process pursuant to the SEBI SAST regulations. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.
Karunakar Reddy Baddam, Managing Director of Apollo Micro Systems, signed the disclosure filed with the exchanges.
Offer Details
SEBI has permitted the tendering period for the Open Offer to commence not later than twelve working days from receipt of the approval of the Competition Commission of India.
The payment to all successful public shareholders who tender their Equity Shares in the Open Offer shall be made within ten working days from the last date of the tendering period. This is subject to the Acquirer paying interest for the said delay at the rate of ten percent per annum.
Historical Stock Returns for Apollo Micro Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.45% | +8.24% | +3.48% | +89.72% | +37.15% | +3,585.19% |
How might the acquisition of a 26% stake in Premier Explosives impact Apollo Micro Systems' valuation and market perception in the defense and infrastructure sectors?
What is the expected timeline for receiving Competition Commission of India approval, and could any regulatory hurdles delay the commencement of the tendering period?
Will Apollo Micro Systems seek additional board representation or strategic control over Premier Explosives following this significant equity acquisition?
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