Adani Enterprises to acquire 50% stake in General Aeronautics
Adani Defence Systems and Technologies, a wholly-owned subsidiary of Adani Enterprises NSE 1.65 % on Friday signed a definitive agreement to acquire a 50% stake in Bengaluru-based commercial drone maker General Aeronautics for cash consideration.
The company will be leveraging its military drone and AI/ML capabilities and work with General Aeronautics to provide solutions for the domestic agricultural sector.
General Aeronautics is an agri solution provider that 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. It was incorporated in 2016.
