Multibagger defence inventory: Apollo Micro Methods share worth surged over 7% on Monday’s session after the corporate, through its wholly owned subsidiary Apollo Defence Industries Non-public Restricted (ADIPL), entered right into a Share Buy Settlement to take full possession of IDL Explosives Restricted for ₹107 crore in a cash-only transaction.
The announcement was made on Might 2, 2025. The completion of the transaction is anticipated to happen inside two to a few months, topic to regulatory and company approvals.
“Apollo Group is proud to announce a big enhancement to its strategic portfolio by a landmark alignment with India’s First Explosives Firm- A Pioneering, Indian-owned enterprise with a distinguished legacy of over 64 years. This esteemed group, a proud member of the globally famend Hinduja Group, brings unparalleled experience and heritage to the partnership,” stated the corporate in an trade submitting.
Via this acquisition, Apollo Micro Methods intends to include explosives into its protection manufacturing course of. This may allow the corporate to supply a wider vary of techniques within the areas of artillery, missiles, and high-impact weaponry.
