New Delhi, May 3 -- Multibagger defense stock Apollo Micro Systems will be in focus during Monday's trading session after the company, through its wholly owned subsidiary Apollo Defence Industries Private Limited, has entered into a Share Purchase Agreement to fully acquire IDL Explosives Limited for Rs.107 crore in an all-cash transaction.

This announcement was made on May 2, 2025. The completion of the deal is anticipated within two to three months, subject to regulatory and corporate authorization.

In an exchange filing, the company indicated that this acquisition is intended to enhance its manufacturing capabilities in the field of Defense Explosives, catering to the increasing domestic demand in areas such as artillery, missiles, a...