Asian Paints
2169 -56.80
Cipla
1192.4 -3.50
Eicher Motors
6649.5 -176.00
Nestle India
1191.3 10.50
Grasim Inds
2564.1 -28.70
Hindalco Inds.
916.25 11.65
Hind. Unilever
2065.3 0.60
ITC
292.85 1.15
Trent
3550.6 24.10
Larsen & Toubro
3613.1 5.60
M & M
3011.7 -19.80
Reliance Industries
1350.5 -18.70
Tata Consumer
1042 18.20
Tata Motors PVeh
303.3 0.35
Tata Steel
194.14 -0.46
Wipro
194.91 3.73
Apollo Hospitals
7317.5 12.00
Dr Reddy's Labs
1217.3 7.70
Titan Company
4097.2 31.70
SBI
1018.4 0.60
Shriram Finance
891.6 -8.95
Bharat Electron
421.6 2.90
Kotak Mah. Bank
358 1.95
Infosys
1300.8 25.10
Bajaj Finance
826.85 9.55
Adani Enterp.
1834.2 -8.30
Sun Pharma.Inds.
1693.6 -34.90
JSW Steel
1141.3 0.90
HDFC Bank
750.9 8.65
TCS
2450.7 42.50
ICICI Bank
1215.8 3.10
Power Grid Corpn
289.95 -2.85
Maruti Suzuki
12631 122.00
Axis Bank
1197.9 4.80
HCL Technologies
1402.2 47.80
O N G C
287.2 -0.85
NTPC
359.65 -5.00
Coal India
449.35 -0.05
Bharti Airtel
1789.7 7.80
Tech Mahindra
1441.5 37.00
Jio Financial
229.48 -2.45
Adani Ports
1377.6 -7.80
HDFC Life Insur.
566.1 -6.85
SBI Life Insuran
1774 -16.50
Max Healthcare
944.6 -14.30
UltraTech Cem.
10620 -94.00
Bajaj Auto
8758.5 -137.00
Bajaj Finserv
1640.7 -6.30
Interglobe Aviat
4193.5 12.70
Eternal
231.72 -4.80
With completion of the corporate action IDL Explosives now becomes the Step Down Subsidiary of Apollo Micro Systems.
IDL Explosives has manufacturing facilities in Rourkela and many other locations. Apollo Group intends to expand and strengthen the business in line with its strategic plans in the rapidly growing defence explosive sector.
This acquisition signifies the beginning of a strategic consolidation, which is expected to commence from Q3 FY2026. With this acquisition, Apollo Group aims to strengthen its footprint in the defence sector by adding the critical capabilities of next generation high end Defence grade explosives, propellants and warhead systems to its already fortified expertise in Weapon System Electronics and Platforms.
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