Droneacharya Aerial Innovations has informed that Prateek Srivastava, Managing Director of DroneAcharya Aerial Innovations, and Abhigyan Ranjan, Director of PYI Technology, have signed a term sheet for the acquisition of 51% stake by DroneAcharya Aerial Innovations in PYI Technology. The terms of the Share Purchase Agreement will be finalized in due course, outlining specific details of the transaction. This strategic decision will play pivotal move in DroneAcharya's expansion plan aimed at broadening its service spectrum and enhancing its value-added offerings within the drone industry.
The above information is a part of company’s filings submitted to BSE.
