Apollo Micro Systems Share Price Gains Over 3% as It Set to Acquire 41.33% Stake in Premier Explosives for ₹1,550 Crore

On July 9, 2026, Apollo Micro Systems Limited announced a definitive share purchase agreement to acquire a 41.33% equity stake in Premier Explosives Limited.  

The transaction, valued at approximately ₹1,550 crore, is expected to close by December 2026, pending necessary approvals, as per the exchange filings. 

Details of the Acquisition 

Apollo Micro Systems is set to acquire 41.33% of the promoter's shares in Premier Explosives Limited. The deal is valued at approximately ₹1,550 crore and is anticipated to be completed by the third quarter or December 2026, subject to shareholder and regulatory approvals. 

This acquisition aims to combine Apollo’s electronics expertise with Premier’s defence energetics capabilities, targeting next generation defence and space initiatives.  

Premier Explosives is known for manufacturing high-energy materials, solid rocket motors, and munitions, and managing solid propellant plants for ISRO. 

Strategic Rationale and Operations 

The strategic alliance between Apollo Micro Systems and Premier Explosives is designed to leverage complementary strengths.  

Apollo’s proficiency in electronics will merge with Premier’s capabilities in defence energetics, enhancing both companies' ability to serve advanced defence and space projects. 

Premier Explosives will operate under the Apollo Micro Systems corporate umbrella while retaining its existing brand name. This setup is expected to facilitate a seamless integration of operations and expertise. 

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Transaction Advisors 

Crawford Bayley & Co served as the legal counsel to Apollo Micro Systems for this transaction. On the seller's side, Deloitte Touche Tohmatsu India acted as the exclusive transaction advisor, with Pioneer Legal providing legal counsel for the promoters, AKS Family Trust. 

Apollo Micro Systems Share Price Performance 

As of July 10, 2026, at 10:32 AM, Apollo Micro Systems share price on NSE was trading at ₹410.40, up by 3.04% from the previous closing price. 

Conclusion 

Apollo Micro Systems' acquisition of a 41.33% stake in Premier Explosives for ₹1,550 crore aims to enhance defence and space capabilities. The transaction is expected to close by December 2026, pending necessary approvals. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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