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Apollo Micro Systems shares rally 5% on Rs 1,550 crore deal to acquire 41% stake in Premier Explosives
Apollo Micro Systems shares gained 5% after it sought to acquire Premier Explosives' promoters' stake for Rs 1,550 crore. This strategic acquisition aims to enhance capabilities in defence and aerospace sectors. The transaction is expected to conclude by December 2026 after necessary approvals. Apollo Micro Systems will also make a mandatory open offer to public shareholders. This move strengthens India's defence manufacturing and indigenous ecosystem.
UPL Share Price Live Updates: UPL Moves Past 20-Day Simple Moving Average
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Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.
Premier Energies Secures Major Solar Orders | RCF Plans Equity Expansion Through FPO | Top Buzzing Stocks Today - Equitymaster
Premier Energies Secures Major Solar Orders | RCF Plans Equity Expansion Through FPO | Top Buzzing Stocks TodayEquitymaster
Premier Energies Secures Major Solar Orders | RCF Plans Equity Expansion Through FPO | Top Buzzing Stocks Today - Equitymaster
Premier Energies Secures Major Solar Orders | RCF Plans Equity Expansion Through FPO | Top Buzzing Stocks TodayEquitymaster
Govt extends BIS certification deadline for large solar inverters to December 31
The renewable energy ministry has extended the deadline for mandatory BIS certification. This extension applies to solar photovoltaic inverters with capacities exceeding two hundred kilowatts. The new deadline for self-certification is December thirty-first, which is later than the original date. Manufacturers can continue supplying these inverters based on self-certification and valid IEC certificates. This decision was made due to limited testing facilities for high-capacity solar inverters.
Market Pulse: Key triggers to watch before the July 10 trading session
Friday is expected to be an eventful session for Indian markets, with investors set to react to TCS' June quarter earnings. Market participants will also track the impact of Apollo Micro Systems' ₹1,550-crore acquisition of a 41.33% stake in Premier Explosives.On the global front, US markets traded higher, supported by gains in semiconductor stocks and lower oil prices, although renewed tensions between Washington and Tehran kept investors cautious. Traders will also monitor the impact of lower-than-expected US jobless claims and June existing home sales data on sentiment.
India’s Apollo Micro Systems to acquire 41% stake in Premier Explosives - Investing.com Nigeria
India’s Apollo Micro Systems to acquire 41% stake in Premier ExplosivesInvesting.com Nigeria
India’s Apollo Micro Systems to acquire 41% stake in Premier Explosives - Investing.com
India’s Apollo Micro Systems to acquire 41% stake in Premier ExplosivesInvesting.com
Premier Energies doubles solar module capacity, enters battery storage business
Premier Energies has commissioned a 5.6 GW solar module manufacturing plant in Telangana, doubling its total module capacity to 11.1 GW, while also laying the foundation for a 6 GWh battery energy storage facility and an aluminium frames plant.