Apollo Micro Shares Shot Up 7% on Acquiring Stake in IDL Explosives – Equitypandit
Shares of Apollo Micro Systems Ltd shot up 7% on 5 May after the company announced acquiring the entire 100% stake in IDL Explosives Ltd for a total consideration of Rs 107 crore via an all-cash deal. The acquisition is expected to be completed in the next two or three months. IDL Explosives, a subsidiary…