Apollo Micro System share price rebounded 3% after touching intraday low of ₹389.65 on NSE in Monday's trading session after the company announced fundraise for acquisition of the company.
Apollo Microsystem shares opened at ₹402 per share today, as compared to previous close of ₹398.75 on Friday last week.
Apollo Micro System Limited has deposited ₹986.35 crore into a special escrow account maintained with State Bank of India (SBI) to facilitate its acquisition of shares in Premier Explosives Limited (PEL), marking a key step in the ongoing transaction.
The company confirmed that the entire purchase consideration of ₹986.35 crore has been deposited into the special escrow account with SBI for payment to eligible public shareholders.
The development follows the Share Purchase Agreement signed on July 9, 2026, under which Apollo Micro Systems initiated the acquisition process involving Premier Explosives. The open offer was undertaken in accordance with Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.