Apollo Micro Systems Merger & Restructuring
Apollo Micro Systems incorporated a new associate, ShauryAstra Defence Systems, by investing Rs. 34,000 for a 34% stake to focus on advanced defence technology development.
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Apollo Micro Systems incorporated a new associate, ShauryAstra Defence Systems, by investing Rs. 34,000 for a 34% stake to focus on advanced defence technology development.
Apollo Micro Systems released a company tear sheet highlighting its operational progress. The company also signed a definitive agreement to acquire a 41.33% stake in Premier Explosives.
Apollo Micro Systems will acquire Premier Explosives for Rs. 2,125.65 Crore. This strategic defense acquisition includes promoter shares and a mandatory open offer.
Apollo Micro Systems signed a Share Purchase Agreement to acquire 41.33% of Premier Explosives for Rs.1,550 Crore. The deal triggers a mandatory 26% open offer.