Mumbai investment company Multiples Alternate Asset Management has acquired a 50% stake in Milltec Industries (Bangalore), a manufacturer of agricultural equipment. The deal, valued at US$43 million, was conducted through a secondary investment by Multiples in Milltec Machinery and an acquisition of a 100% stake by Milltec Machinery in Milltec Industries (Bangalore) and Milltec Outsourcing.
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