Droneacharya signs term sheet to acquire 51% stake in M/S PYI Technology Private Limited

Mr. Prateek Srivastava, Managing Director of M/s DroneAcharya Aerial Innovations Limited, and Mr. Abhigyan Ranjan, Director of M/s PYI Technology Private Limited, have signed a term sheet for the acquisition of 51% stake by DroneAcharya Aerial Innovations Limited in M/s PYI Technology Private Limited.

The terms of the Share Purchase Agreement will be finalized in due course, outlining specific details of the transaction. This strategic decision will play pivotal move in DroneAcharya's expansion plan aimed at broadening its service spectrum and enhancing its value-added offerings within the drone industry.

Source : Equity Bulls

Keywords

DroneAcharyaAerialInnovations Acquisition PYITechnology