Economic TimesLean R·
Apollo Micro Systems shares rise over 1% as company nears Premier Explosives deal
Apollo Micro Systems shares rose 1%, while Premier Explosives climbed 4%, after the defence manufacturer was reported to be nearing a deal to acquire Premier Explosives for Rs 2,300-2,500 crore, including the cost of an open offer to minority shareholders, ET reported.A board meeting of Premier Explosives is scheduled for today.Both Apollo Micro Systems and Premier Explosives are headquartered in Hyderabad. The proposed deal, if completed, would bring together two defence-focused companies at a…
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