New Delhi, Feb. 10 -- The Maharashtra Defence and Aerospace Venture Fund (MDAVF) on Monday said that it has successfully exited from two of its portfolio companies -- Cyronics Innovation Labs Pvt Ltd and JSR Dynamics Pvt Ltd realising Rs 14.46 crore and Rs 59.15 crore respectively.
MDVAF is a SEBI-registered Category II Alternative Investment Fund (AIF) managed by IDBI Capital Markets and Securities Limited (ICMS).
Mr Amey Belorkar, Fund Manager - MDAVF, IDBI Capital Markets and Securities Ltd, speaking about the exits said "Both Cyronics Innovation Labs and JSR Dynamics, are instrumental in driving technological progress and self reliance within India's Defence and Aerospace industries with a focus on enhancing the operational effectiven...