Branch² Intelligence
Apollo Micro Systems to acquire 41% stake in Premier Explosives for ₹1,550 crore
Key takeaway
Apollo Micro Systems acquires 41.33% of Premier Explosives for ₹1,550 crore, gaining control.
- Step 1Apollo Micro Systems acquires 41.33% stake in Premier Explosives for ₹1,550 crore, gaining control.
- Step 2Open offer for 26% at premium drives PEL stock price up; AMS consolidates defence explosives capacity.
- Step 3AMS gains pricing power and supply chain control, squeezing smaller competitors and suppliers.
Source: CNBC TV18 (Markets)
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