{"id":20942,"date":"2022-05-29T15:30:00","date_gmt":"2022-05-29T10:00:00","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=20942"},"modified":"2022-05-29T14:07:19","modified_gmt":"2022-05-29T08:37:19","slug":"adani-buys-50-stake-in-drone-startup-general-aeronautics","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2022\/05\/29\/adani-buys-50-stake-in-drone-startup-general-aeronautics\/","title":{"rendered":"Adani buys 50% stake in drone startup General Aeronautics"},"content":{"rendered":"\n

Adani Enterprises’ wholly-owned subsidiary Adani Defence Systems and Technologies Ltd. <\/strong>signed a deal on Friday to buy a 50% stake in Bengaluru-based General Aeronautics Pvt. Ltd.<\/p>\n\n\n\n

In an exchange filing, Adani Defence Systems and Technologies said it will \"use its military drone and AI\/ML capabilities and engage with General Aeronautics to provide end-to-end solutions <\/strong>for the domestic agricultural industry.<\/em>\"<\/pre>\n\n\n\n
\"Adani
Credits to lokmat<\/figcaption><\/figure>\n\n\n\n
Adani’s joint venture with Israeli business Elbit Systems<\/strong> was picked in the first tentative list under the production-linked incentive (PLI) <\/strong>system for drones and drone components, and the deal is anticipated to close by July 31.<\/p>\n\n\n\n
General Aeronautics is an end-to-end agri solutions company that was founded in 2016. <\/p>\n\n\n\n
It uses artificial intelligence and analytics to provide robotic drones and drone-based solutions <\/strong>for crop protection, crop health, precision farming, and yield monitoring in the agriculture sector.<\/em><\/p><\/blockquote>\n\n\n\n
After the stocks of the ports-to-power conglomerate’s listed companies boosted his fortunes, billionaire Gautam Adani went on an acquisition binge.<\/strong><\/p>\n\n\n\n
\"\"
Image Courtesy – BQ Prime<\/figcaption><\/figure>\n\n\n\n
Adani Health Ventures was formed last week, marking the Adani group’s first venture into healthcare (AHVL). <\/strong><\/p><\/blockquote><\/figure>\n\n\n\n
The new company will be involved in healthcare-related operations such as the establishment of medical and diagnostic facilities, as well as research centres.<\/p>\n\n\n\n
Only four days prior, the Adani family had signed binding agreements to buy Holcim Ltd of Switzerland’s entire share in two Indian cement companies, Ambuja Cements Ltd and ACC Ltd. <\/p>\n\n\n\n
The combined value of the Holcim stock and open offer consideration for the two cement companies is estimated to be over $10.5 billion, making this Adani’s largest acquisition to date.<\/strong><\/p>\n\n\n\n
The company is also attempting to break into the news media industry. <\/p>\n\n\n\n
Adani Enterprises announced plans to buy a 49 percent <\/strong>share in Quintillion Business Media, the parent company of business news site BQPrime, earlier this month.<\/p>\n\n\n\n
Stay tuned and updated with Aviationa2z.<\/p>\n","protected":false},"excerpt":{"rendered":"
Adani Enterprises’ wholly-owned subsidiary Adani Defence Systems and Technologies Ltd. signed a deal to buy a 50% stake <\/p>\n","protected":false},"author":2,"featured_media":20951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[6082,6080,2030,6081,6083],"class_list":{"0":"post-20942","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uncategorized","8":"tag-adani-defence-systems","9":"tag-adani-enterprises","10":"tag-aviation-a2z-news","11":"tag-drone-set-up","12":"tag-general-aeronautics"},"_links":{"self":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/20942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/comments?post=20942"}],"version-history":[{"count":1,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/20942\/revisions"}],"predecessor-version":[{"id":20953,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/20942\/revisions\/20953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media\/20951"}],"wp:attachment":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media?parent=20942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/categories?post=20942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/tags?post=20942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}