Apollo Micro Systems makes open offer to acquire up to 26% stake in Premier Explosives

Apollo Micro Systems has announced an open offer for acquisition of upto  1,39,77,911 fully paid-up equity shares of face value Rs 2 each from the shareholders of Premier Explosives representing 26% of the equity share capital of Premier Explosives at a price of Rs 698 per equity share (Offer Price) along with the applicable interest of Rs 7.65 per equity share aggregating to total consideration upto Rs 986.35 crore payable in cash (open offer).