New Delhi, May 5 -- 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 Rs.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.

(more to come)

Published by HT Digital Content Services with permission from MINT....