New Delhi, Jan. 29 -- The Maharashtra Defence and Aerospace Venture Fund (MDAVF), a SEBI-registered Category II Alternative Investment Fund (AIF) managed by IDBI Capital Markets & Securities Ltd (ICMS), on Wednesday said that it has so far committed Rs 480 crore across 27 MSMEs, focusing on critical areas such as missile systems, aerospace technologies, naval systems, and electronic warfare.
"To date, MDAVF has invested approximately Rs 406 crore in 22 MSMEs. The fund has successfully executed full and partial exits from 12 companies, realizing divestment proceeds of around Rs 281 crore and achieving a strong Internal Rate of Return that highlights the fund's disciplined and strategic approach to value creation," the fund said in a media r...