Mtar Tech acquires 100% stake in Gee Pee Aerospace; stock zooms ~3%
The consideration for such acquisition is Rs8.20 crore, payable in cash after deduction of borrowings and liabilities.
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The consideration for such acquisition is Rs8.20 crore, payable in cash after deduction of borrowings and liabilities.
Country’s biggest institutional investor Life Insurance Corporation of India (LIC) increased its stake in listed companies to 3.83 per cent for the quarter ended March 31.
MTAR Technologies has received NADCAP Certification for its 100 per cent EOU and Unit 5 in Telangana for 12 months until November 2022
Mathew Cyriac is looking to take at least two companies public in India in the coming years after MTAR Technologies Pvt.’s debut success. MTAR Technologies, a precision engineering firm that Cyriac bought from Blackstone Group Inc. in 2017 when he left the private equity firm, has seen shares risen more than 60% since its March debut. The listing is part of India’s red-hot initial public offerings market where companies have raised about $4 billion since the start of the year, on track for the busiest first-half since 2017, according to data compiled by Bloomberg. UBS Group AG expects a r...
Last financial years most rewarding IPOs included Happiest Minds, Chemcon Speciality Chemicals, Route Mobile, Burger King, Mrs. Bectors Food, Indigo Paints, Mtar Technologies, which doubled investors wealth on the listing day. The average listing gains from the IPOs of 2020 stood at 61 per cent, best since 2007.