Tristar Fund commits INR300 crore to TASE Global’s manufacturing expansion
The announced investment will support additional capacity, integration of US operations and larger OEM programmes.
ValueQuest Tristar Fund has committed INR300 crore to TASE Global, according to a November 6 announcement. The precision engineering group plans to expand manufacturing capacity, integrate its US operations and pursue larger programmes with global original equipment manufacturers.
TASE Global supplies components and assemblies across aerospace, defence, medical instrumentation and industrial markets. Spark Capital acted as the company’s exclusive financial adviser on the transaction.
Use of funds
Expand manufacturing capacity
Integrate US operations
Pursue larger OEM programmes