Apollo Micro Systems to raise Rs 3,322 crore via fresh equity issue at Rs 416.60 per share
AI Market Summary
Apollo Micro Systems announced a sizeable Rs 3,322 crore preferential equity issuance and convertible warrants alongside a plan to acquire a 41.33% promoter stake in Premier Explosives, pending approvals through 2026. The news is equity-issuance and deal-structure specific, potentially affecting dilution expectations and funding visibility for defence manufacturing and energetic materials capacity, but it has limited direct read-through to broader global markets.
Impact level
● Low
Affected assets
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● Neutral
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Apollo Micro Systems said it will raise Rs 3,322 crore through a fresh equity issuance, including 2,28,30,902 preferential shares priced at Rs 416.60 each and 5,69,15,380 convertible equity warrants. The company also signed an agreement to acquire a 41.33% promoter stake in Premier Explosives Limited, with closing expected by December 2026. The stock rose 2.57% in the previous session to Rs 408. The shares are up 48.24% year-to-date.
