1600% rally in five years! Multibagger defence stock jumps 6% after THIS acquisition update
Multibagger defence stock: Apollo Micro Systems share price surged over 7% on Monday’s session after the company, via its wholly owned subsidiary Apollo Defence Industries Private Limited (ADIPL), entered into a Share Purchase Agreement to take complete ownership of IDL Explosives Limited for ₹107 crore in a cash-only transaction.
The announcement was made on May 2, 2025. The completion of the transaction is anticipated to occur within two to three months, subject to regulatory and corporate approvals.
