Adani to buy stake in agri platform solution provider General Aeronautics

Adani Enterprises said that its fully-owned subsidiary Adani Defence Systems and Technologies has agreed to acquire a 50% stake in General Aeronautics Private Limited, an end-to-end agri platform solution provider based in Bengaluru.

The Adani Group company didn’t reveal the amount of the all-cash deal, which is expected to close by the end of next month.

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Founded in 2016, General Aeronautics Private Limited leverages artificial intelligence (AI) and analytics to serve the agricultural sector with robotic drones and drone-based solutions.

Adani Defence Systems and Technologies to acquire 50% stake in agri platform solution provider General Aeronautics Private Limited
Adani Defence Systems and Technologies to acquire a 50% stake in agri platform solution provider General Aeronautics Private Limited. Photo courtesy of DJI-Agras from Pixabay.

Its solutions are used for crop protection services, precision-farming and yield monitoring, and crop health.

Adani Defence Systems and Technologies is expected to make use of its military drone and AI/machine learning capabilities and work with General Aeronautics Private Limited for offering end to end solutions for the domestic agricultural sector.

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