M&A

M&A

MTAR Technologies acquires Gee Pee Aerospace And Defence

BSE Disclosure  

Publicly-listed MTAR Technologies Limited is to acquire 100% stake in Gee Pee Aerospace And Defence Private Limited for INR. 8.82 crores (payable in cash after deduction of borrowings and liabilities). The target company is into manufacturing of high precision components for Defence and Aerospace sectors. The turnover of the company for FY21 was INR 1.68 crore and net worth of INR 1.34 crore.