Bengaluru: Adani Enterprises To Acquire 50% Stake In General Aeronautics

| Updated: May 28, 2022 9:19 am

Adani Enterprises announced on May 27 that it had signed a definitive agreement to buy a 50% stake in General Aeronautics Private Limited, a company that makes commercial robotic drones and drone-based solutions for crop protection, crop health, precision farming, and yield monitoring for the agricultural sector, using artificial intelligence and analytics.

“Adani Defence Systems and Technologies Limited will partner with General Aeronautics to provide end-to-end solutions for the domestic agricultural sector, using its military drone and AI/ML capabilities.”Company said in its regulatory filings. 

The deal is expected to be completed by July 31, 2022, according to Adani Enterprises.

The purchase comes at a time when Prime Minister Narendra Modi has welcomed foreign companies to engage in India’s drone business.

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