Apollo Micro gets CCI nod for Premier deal.

Apollo Micro Systems Limited

has received confirmation from the Competition Commission of India that its acquisition of Premier Explosives does not require CCI approval. The open offer to public shareholders can now proceed. The company is acquiring a 41.33 percent stake in Premier Explosives for about ₹1,550 crore. A mandatory open offer for up to 26 percent of the equity will follow at ₹698 per share. The clearance removes a key regulatory hurdle for the transaction. The key trigger is the CCI confirmation dated around September 22. This allows the open offer timeline to move forward. Defence peers such as Bharat Dynamics, Solar Industries and Premier Explosives itself may see related interest. Near-term price reaction could be positive on deal progress. Risks include integration challenges and the final open offer response. Competitors listed: Bharat Dynamics, Solar Industries, Premier Explosives. We have no financial interest in this news.