American Funds (Capital Group) newly entered MTAR Technologies with 3,80,212 shares, a 1.24% stake worth ₹230. crore.
A manufacturer of precision components and equipment serving India's defense, aerospace, nuclear, and clean energy sectors. Founded in 1970 to address the nation's technical and engineering needs, the company designs and produces specialized equipment for government and industrial clients. MTAR operates multiple manufacturing units across Hyderabad and maintains dedicated facilities for export markets, positioning itself as a key supplier to critical infrastructure sectors.
India equity holdings of American Funds, the mutual fund family of Capital Group. Long-only, fundamentally driven strategy.
