Adani Defence Systems to acquire 50% stake in General Aeronautics Pvt Ltd

Adani Defence Systems and Technologies Limited - a wholly owned subsidiary of Adani Enterprises Limited has signed definitive agreement to acquire 50% stake in General Aeronautics Private Limited on 27th May, 2022.

Adani Defence Systems and Technologies Limited shall leverage its military drone and AI / ML capabilities and work with General Aeronautics for providing end to end solutions for domestic agricultural sector.

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

Shares of Adani Enterprises Limited was last trading in BSE at Rs. 2080.10 as compared to the previous close of Rs. 2047.70. The total number of shares traded during the day was 66428 in over 4050 trades.

The stock hit an intraday high of Rs. 2091.40 and intraday low of 2047.95. The net turnover during the day was Rs. 137509900.00.

Source : Equity Bulls

Keywords

AdaniEnterprises INE423A01024 AdaniDefenceSystems Acquisition GeneralAeronautics AI ML AgricultureSector Drones