Apollo Micro Systems Receives Final Comments from SEBI on Draft Offer Letter for PEL Acquisition
Apollo Micro Systems Limited has received the final comments from the Securities and Exchange Board of India (SEBI) concerning the draft letter of offer related to the acquisition of equity shares in Premier Explosives Limited (PEL).The company announced that it obtained the final comments from SEBI, conveyed via a letter dated August 14, 2026, which was received by Apollo Micro Systems on August 16, 2026. These comments pertain to the draft letter of offer under the relevant provisions governing substantial acquisition of shares and takeovers.
This development relates to the open offer that Apollo Micro Systems is making to public shareholders of Premier Explosives Limited (PEL), aimed at acquiring 26% of its equity shares.
Following this update, Apollo Micro Systems will proceed with further steps as recommended by SEBI and as required during the open offer process under SEBI SAST regulations.
APOLLO Stock Price Movement
On Friday, shares of Apollo Micro Systems Limited edged higher to settle at ₹393.55, having gained 0.08% in trading. The stock traded a volume of 5.45 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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