loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations

Open ICICI
3-in-1 Account

Manage your Savings, Demat and Trading Account conveniently at one place

+91

BLOG

Apollo Microsystems has received clearance from the Competition Commission of India

ICICIdirect Research 24 Sep 2026 DISCLAIMER

News: Apollo Microsystems has received clearance from the Competition Commission of India (CCI) for its proposed acquisition of a 41.33% stake in Premier Explosives, with CCI concluding that the transaction is not a notifiable combination and does not require its approval. The clearance removes a key regulatory requirement, allowing the open offer to Premier’s public shareholders to proceed, with the revised offer schedule to be announced

View: The CCI clearance marks a positive step towards completion of the Premier Explosives acquisition, which will strengthen Apollo’s position across the defence value chain. Premier’s capabilities in high-energy materials and solid propellants complement Apollo’s defence electronics, guidance and weapon-system integration capabilities, while adding to the group’s existing presence through IDL Explosives. The combination should support Apollo’s strategy of building an integrated defence platform spanning electronics, guidance, weapon systems and high-energy materials, with the open offer and completion of the acquisition remaining the key next steps

Impact: Positive

Download
ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere

Download
ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere