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Defence stock trades in green as company's open offer for acquisition oversubscribed by 1.41%

Amid the spectacular rally in the stock market on Monday, shares of defence and aerospace sector company Apollo Micro Systems Ltd are on the radar of investors as the company has updated investors on the open offer process for the acquisition of Premier Explosives Limited, stating that the company had initiated the acquisition process under the Share Purchase Agreement dated July 9, 2026. Under this agreement, Apollo Micro Systems had made an open offer to acquire 1,39,77,600 equity shares of the company from the public shareholders of Premier Explosives, representing 26 per cent of the company's total equity.