{"id":22100,"date":"2026-11-02T14:41:04","date_gmt":"2026-11-02T09:11:04","guid":{"rendered":"https:\/\/thankyoubharat.com\/index.php\/2026\/11\/02\/apollo-micro-systems-deposits-rs-986-crore-for-premier-explosives-open-offer-issue-oversubscribed\/"},"modified":"2026-11-02T14:41:04","modified_gmt":"2026-11-02T09:11:04","slug":"apollo-micro-systems-deposits-rs-986-crore-for-premier-explosives-open-offer-issue-oversubscribed","status":"publish","type":"post","link":"https:\/\/thankyoubharat.com\/index.php\/2026\/11\/02\/apollo-micro-systems-deposits-rs-986-crore-for-premier-explosives-open-offer-issue-oversubscribed\/","title":{"rendered":"Apollo Micro Systems Deposits Rs 986 Crore for Premier Explosives Open Offer; Issue Oversubscribed"},"content":{"rendered":"<div>\n<p class=\"wp-block-paragraph\"><strong>Mumbai (Maharashtra) [India], November 2:<\/strong> Apollo Micro Systems Limited (AMSL) has announced the deposit of \u20b9986.35 crore into a special escrow account with State Bank of India towards the acquisition of shares in Premier Explosives Limited (PEL), marking a significant development in its ongoing acquisition process.<\/p>\n<p class=\"wp-block-paragraph\">In a regulatory filing to the stock exchanges on Monday, the company informed that its open offer to acquire 1,39,77,600 equity shares, representing 26% of Premier Explosives\u2019 equity share capital, received an encouraging response from public shareholders.<\/p>\n<p class=\"wp-block-paragraph\">The open offer, which commenced on October 12, 2026, and concluded on October 26, 2026, was oversubscribed by 1.41%, reflecting shareholder participation beyond the shares targeted for acquisition.<\/p>\n<p class=\"wp-block-paragraph\">The company confirmed that the entire purchase consideration of \u20b9986.35 crore has been deposited into a special escrow account maintained with State Bank of India to facilitate payments to eligible public shareholders.<\/p>\n<p class=\"wp-block-paragraph\">The development follows the Share Purchase Agreement signed on July 9, 2026, under which Apollo Micro Systems initiated the acquisition process involving Premier Explosives.<\/p>\n<p class=\"wp-block-paragraph\">The open offer was conducted in accordance with Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.<\/p>\n<p class=\"wp-block-paragraph\">The latest disclosure represents another step towards completing the acquisition process, with investors likely to monitor subsequent developments concerning the transaction and its implications for Apollo Micro Systems.<\/p>\n<p class=\"wp-block-paragraph\">\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], November 2: Apollo Micro Systems Limited (AMSL) has announced the deposit of \u20b9986.35 crore into a special escrow account with State Bank of India towards the acquisition of shares in Premier Explosives Limited (PEL), marking a significant development in its ongoing acquisition process. In a regulatory filing to the stock exchanges on<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[13],"class_list":["post-22100","post","type-post","status-publish","format-standard","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/thankyoubharat.com\/index.php\/wp-json\/wp\/v2\/posts\/22100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thankyoubharat.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thankyoubharat.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thankyoubharat.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thankyoubharat.com\/index.php\/wp-json\/wp\/v2\/comments?post=22100"}],"version-history":[{"count":0,"href":"https:\/\/thankyoubharat.com\/index.php\/wp-json\/wp\/v2\/posts\/22100\/revisions"}],"wp:attachment":[{"href":"https:\/\/thankyoubharat.com\/index.php\/wp-json\/wp\/v2\/media?parent=22100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thankyoubharat.com\/index.php\/wp-json\/wp\/v2\/categories?post=22100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thankyoubharat.com\/index.php\/wp-json\/wp\/v2\/tags?post=22100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}