Adani inks deal to acquire 50% stake in drone maker General Aeronautics
Adani Enterprises, founded by Gautam Adani, will acquire a 50% stake in General Aeronautics, a Bengaluru-based drone manufacturer. Adani intends to use its military drone and artificial intelligence/machine learning skills, as well as collaborate with General Aeronautics, to develop agricultural solutions. Adani Enterprises, founded by Gautam Adani, will acquire a 50% stake in General Aeronautics, a Bengaluru-based drone manufacturer. The deal's monetary value was not disclosed. M&A activity in the futuristic drone sector is increasing. Rattan India Enterprises recently acquired a 60% share in Throttle Aerospace Systems, which is likewise located in Bengaluru and is active in the drone market. It has previously invested in Matternet, a drone logistics network located in the United States. Adani intends to use its military drone and artificial intelligence/machine learning skills, as well as collaborate with General Aeronautics, to develop agricultural sol...