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Droneacharya Aerial Innovations informs about acquisition

03 Jan 2024 Evaluate
In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 (‘Listing Regulations’), Droneacharya Aerial Innovations has informed that DroneAcharya Aerial Innovations has entered into Share Purchase Agreement dated January 02, 2024 to acquire 51% stake in PYI Technologies (CIN: U72502PN2022PTC210852). In continuation of the disclosure made to the stock exchange on December 22, 2023, regarding the signing of a Term Sheet by DroneAcharya Aerial Innovations with PYI Technologies, and pursuant to the resolution passed by the Board of Directors in their meeting held on December 22, 2023, the terms and conditions of the Share Purchase Agreement have been finalized on January 02, 2024 and the Agreement has been executed by the authorized representatives of both the Companies. This strategic acquisition is a pivotal move in DroneAcharya's expansion plan aimed at broadening its service spectrum and enhancing its value-added offerings within the drone industry. In this regard, pursuant to provisions of Regulation 30 read with Schedule III of the Listing Regulations, please find attached herewith details of proposed acquisition by the Company in the prescribed format (Annexure 1).

The above information is a part of company’s filings submitted to BSE.

Droneacharya Aerial Share Price

36.05 -1.06 (-2.86%)
20-Apr-2026 16:59 View Price Chart
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