Carlyle Consortium set to take control of defence electronics parts maker Micropack

Mumbai: Investment firm Carlyle is set to invest ₹1,175 crore ($125 million) for a controlling stake in Micropack, an electronics parts maker for the defence industry, said people aware of the development. This sharpens its focus on homegrown manufacturing opportunities with the aim of scaling them up.

Once complete, this will be the first acquisition in the Indian defence technology space by a bulge-bracket private equity firm.