Question
Adani Defence Systems and Technologies Limited announced
50% stake acquisition in which drone player to leverage its own military drone as well as artificial intelligence?Solution
Adani Defence Systems and Technologies Limited, the wholly owned subsidiary of Adani Enterprises Limited (AEL) announced 50 per cent stake acquisition in Bengaluru-based commercial drone player General Aeronautics Private Limited to leverage its own military drone as well as artificial intelligence (AI) and machine learning (ML) capabilities for extending work into the domestic agricultural sector. To be completed by July 31, 2022, the acquisition will be based on cash consideration, AEL stated in its regulatory filing.
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