Subscribe for notification
Categories: Stock Market

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.

Admin

Recent Posts

Musk says doesn’t want responsibility for all Trump policies

Tesla CEO Elon Musk listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White…

17 minutes ago

Funds finally pause corn selloff as focus turns to US crop: Braun

NERVILLE, Illinois, - Speculators have made unprecedented moves in Chicago corn so far in 2025 as the combination of geopolitical…

34 minutes ago

Record Labels in Talks to License Music to AI Firms Udio, Suno

(Bloomberg) -- Major music companies are in talks to license their work to artificial intelligence startups Udio and Suno, deals that…

1 hour ago

How Trump ‘big beautiful’ tax bill could change in the Senate

Staff members remove a sign following a press conference after the House passage of the tax and spending bill, at…

2 hours ago

Wall Street week ahead: Spotlight on jobs data, Jerome Powell’s speech, manufacturing & services PMIs

After Wall Street closed the month of May with gains, investors will have plenty to data in the first week…

2 hours ago

LGT Wealth’s Chirag Doshi recommends India bond investors to buy 5-10 year notes amid RBI rate cut expectations

As we approach the middle of 2025, the global bond market is flashing mixed signals. While the U.S. Federal Reserve…

3 hours ago