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360 ONE Asset invests $16M in CoreEL Technologies for aerospace growth
The Business Guardian
|December 06, 2023
CoreEL Technologies, a key player in technology development, systems engineering, and product manufacturing for the aerospace and defense sectors, has successfully secured a substantial investment of approximately USD 16 million from 360 ONE Asset Management Limited, formerly known as IIFL Asset Management Limited (referred to as “360 ONE AMC”).
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This funding, directed towards acquiring a minority stake, is anticipated to propel CoreEL’s growth trajectory by supporting crucial areas such as research and development (R&D), new product development, expansion of manufacturing capacity, and other strategic initiatives.
Dit verhaal komt uit de December 06, 2023-editie van The Business Guardian.
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