Apollo Micro to snap up 41% of Premier Explosives, tightening India’s defence supply chain
Apollo Micro Systems is buying a 41.33% stake in Premier Explosives for 15.5 billion rupees, an all‑cash deal that includes a mandatory open offer for up to another 26% of shares. The merger creates an integrated defence and space platform, bolstering India’s push for indigenous weaponry and raising the sector’s consolidation pace.