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Adani Enterprises to acquire 50% stake in General Aeronautics


Adani Enterprises, through its subsidiary Adani Defence Systems and Technologies Ltd, signed an agreement on Friday to acquire 50% stake in drone firm General Aeronautics Pvt Ltd.

Adani Defence Systems and Technologies Ltd will leverage its military drone and AI/ML capabilities and work with General Aeronautics for providing end to end solutions for domestic agricultural sector, the company said in a statement.

The deal value was not disclosed.

General Aeronautics is an end-to-end agri platform solution provider, based out of Bengaluru 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.

On Friday, Adani Enterprises shares were trading 1.89% higher at 2,085 apiece on NSE.



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