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.
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