Defence equipment manufacturer Apollo Micro Systems is reportedly close to acquiring Premier Explosives in a deal valued at ₹2,300–2,500 crore, including the mandatory open offer to minority shareholders. The proposed acquisition comes as India’s defence spending and exports continue to rise, creating growth opportunities for private-sector defence manufacturers.
Deal Snapshot
Particulars
Details
Acquirer
Apollo Micro Systems
Target
Premier Explosives
Estimated Deal Value
₹2,300–2,500 crore
Includes
Cost of open offer to minority shareholders
Current Status
Deal nearing finalisation
Board Meeting
Premier Explosives board scheduled to meet today
Companies at a Glance
Company
Business
Apollo Micro Systems
Manufactures defence equipment, including naval mines and missile system components
Premier Explosives
Produces explosives and propellants for defence and industrial applications
Premier Explosives Business
Product
Application
TNT (Trinitrotoluene)
Defence explosives
Propellants
Missile and ammunition systems
Industrial Explosives
Mining and industrial use
Shareholding Details
Particulars
Details
Promoters’ Stake
Around 40%
Recent Change
Promoter holdings transferred to a trust from individual ownership
Apollo Micro Systems Fund Raise
Particulars
Details
Amount Raised
₹3,200 crore
Instrument
Shares and warrants
Investors
Foreign portfolio investors, high-net-worth individuals and investment funds
Defence Sector Tailwinds
Indicator
Details
India’s Defence Budget (FY27)
₹7.5 lakh crore
Growth Over a Decade
Nearly threefold increase
Defence Exports
More than ₹35,000 crore
Industry Developments
Company
Recent Development
Adani Defence and Aerospace
Expanding investments, including a TNT and propellant manufacturing project in Madhya Pradesh
Adani Defence
Partnership with Embraer for aircraft manufacturing
