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The Times of India
The Times of India
Business
Saurabh Sinha | TNN

Adani acquires 50% stake in drone major to enter domestic agriculture sector

Drone Bengaluru New Delhi

NEW DELHI: Adani Defence Systems and Technologies Ltd (ADSTL) will acquire 50% stake in Bengaluru-based commercial drone player General Aeronautics for an undisclosed sum to provide “end to end solutions to domestic agriculture sector.”

ADSTL is a wholly owned subsidiary of billionaire Gautam Adani’s Adani Enterprises and is now expanding its presence in the commercial drone space after establishing a foothold in the defence sector here.

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