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RattanIndia Enterprises acquires 60% stake in Throttle Aerospace Systems

26 May 2022 Evaluate

RattanIndia Enterprises (REL) has acquired 60% shareholding in India’s leading drone company Throttle Aerospace Systems (TAS). This investment in TAS has been done through NeoSky India (NeoSky), a wholly owned subsidiary of RattanIndia Enterprises. NeoSky is engaged in the business of drones.

REL, through its subsidiary NeoSky, envisions to be the market leader in the drone sector in India. In addition to Indian markets, REL will also target global markets for its drone products and services. More specifically, REL will continue to acquire best intellectual capital and technology available in the drone sector and will scout for this not only in India but globally as well. With this acquisition, NeoSky will be able to provide full 360 degree drone solutions to customers with Drones as a Product (DAAP - drone hardware), Drone As a Service (DAAS - drone service solutions) and Software as a service (SAAS - drone softwares).

RattanIndia Enterprises is engaged in the business of Power generation, transmission and distribution of power and power advisory.

RattanIndia Ent Share Price

34.83 0.09 (0.26%)
17-Apr-2026 16:59 View Price Chart
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