Blackstone Private Equity Fund eyes stake in MTAR Technologies

November 7, 2007

The largest Private Equity fund in the world, Blackstone is all set to buy a 26% stake in MTAR Technologies for Rs. 260 crores. This deal puts the valuation of MTAR Technologies at about Rs. 1000 crores. The Blackstone - MTAR Technologies deal would be one of the first Private Equity deals in the Indian defence and nuclear science space. At present MTAR Technologies has a very attractive order book with over 250 crores worth of orders executable over a period of next two years.

Posted in Blackstone PE Fund, Indian Private Equity