Advertisement
This Article is From May 27, 2022

Adani Enterprises To Buy 50% Stake In Drone Startup General Aeronautics

Adani Defence Systems and Technologies Limited, a wholly-owned subsidiary of Adani Enterprises Limited has signed a definitive agreement to acquire 50 per cent stake in General Aeronautics Private Limited.

Adani Enterprises To Buy 50% Stake In Drone Startup General Aeronautics
Adani Defence Systems and Technologies Limited shall leverage its military drone capabilities.
Ahmedabad:

Adani Enterprises said on Friday it has signed a definitive agreement to acquire 50 per cent stake in General Aeronautics Private Limited, which provides commercial drone-based solutions for crop protection.

Adani Defence Systems and Technologies Limited, a wholly-owned subsidiary of Adani Enterprises Limited has signed a definitive agreement to acquire 50 per cent stake in General Aeronautics Private Limited, Adani Enterprises said in a regulatory filing to the stock exchanges.

Adani Defence Systems and Technologies Limited shall leverage its military drone and AI/ML capabilities and work with General Aeronautics for providing end-to-end solutions for the domestic agricultural sector, it said.

General Aeronautics is an end-to-end agri platform solution provider, based out of Bengaluru, India and incorporated in 2016. It provides robotic drones and drone-based solutions for crop protection services, crop health, precision- farming and yield monitoring using artificial intelligence and analytics for the agricultural sector.

Track Latest News Live on NDTV.com and get news updates from India and around the world

Follow us:
Listen to the latest songs, only on JioSaavn.com