New Delhi, April 30 -- IDBI Capital Markets & Securities Limited (ICMS), which manages the Maharashtra Defence and Aerospace Venture Fund (MDAVF)-a SEBI-registered Category II Alternative Investment Fund (AIF) focused on supporting funding innovative companies in the defence and aerospace sectors-has announced successful exits from two of its portfolio companies: Sagar Defence Engineering and Zeus Numerix.

These exits, delivered with impressive Internal Rate of Returns (IRRs), underscore the strength of ICMS's strategic collaborations and reaffirm MDAVF's commitment-under ICMS's guidance-to nurturing technological innovation and self-reliance in India's defence and aerospace ecosystem. To date, MDAVF has invested approximately Rs.415 cro...