Comments
DroneAcharya Aerial Innovations Ltd has signed a term sheet to acquire a 76 per cent stake in Aerophile Academy Pvt Ltd, a DGCA-certified drone pilot training center.
This marks DroneAcharya’s foray into South India’s drone pilot training landscape.
According to the stock exchange filing, Aerophile Academy will retain a 24 per cent stake in the partnership. However, the terms of the share purchase agreement will be finalised in due course.
Commenting on the association, Prateek Srivastava, Founder and Managing Director of DroneAcharya, said, “We are focused on becoming India’s leading Drone Pilot Training Organization and believe in symbiotic relations. Our strategy will enable our partners to grow along with us while making an impact in the world today.”
DroneAcharya Aerial Innovations stock rose by 2.42 per cent on the BSE, trading at ₹182 as of 10.58 am.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.