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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.

9 Jul 2026 11:25 am