Diversified business group JK Organisation today said it has acquired majority stake in Deepti Electronics & Electro-Optics Pvt Ltd (DELOPT) through its group company Global Strategic Technologies Ltd (GST).
Bangalore-based DELOPT manufactures defence electronics, avionics and electro-optics.
"The government is committed to opening up the defence sector to private participation, and together with defence offsets, offers a significant opportunity for companies with a strong R&D and an industrial manufacturing excellence", JK Organisation Director Harsh Pati Singhania said in a statement.
The company, however, did not disclose any financial details.
JK Organisation, a Rs 21,000 crore conglomerate, has business interests in sectors such as cement, paper and tyres, among others.
