02
Nov
Mumbai (Maharashtra) [India], November 2: Apollo Micro Systems Limited (AMSL) has announced the deposit of ₹986.35 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 Monday, the company informed that its open offer to acquire 1,39,77,600 equity shares, representing 26% of Premier Explosives’ equity share capital, received an encouraging response from public shareholders. The open offer, which commenced on October 12, 2026, and concluded on October 26, 2026, was oversubscribed…