Friday, Mar 21 2025 | Time 15:49 Hrs(IST)
States » SouthPosted at: May 13 2024 10:23PM


Coromandel hikes stake in Drone firm with Rs 150 cr investment

Chennai, May 13 (UNI) Coromandel International Limited, India's leading Agri solutions provider, through its wholly owned subsidiary Coromandel Technology Limited (CTL), on Monday announced acquisition of an additional 7% stake in Chennai-based drone manufacturing company Dhaksha Unmanned Systems Private Limited.
Coromandel will invest Rs 150 crores through fresh issue of shares to increase its overall shareholding in Dhaksha to 58%, a company release said.
Dhaksha, incorporated in 2019 and headquartered in Chennai, is a leading player in drone space in India, providing complete range of Unmanned Aerial Systems (UAS) technology solutions across agriculture, defence, surveillance and enterprise applications. It also offers remote pilot training services (RPTO) and has trained several drone pilots to date.
Please log in to get detailed story.
Tags: #Coromandel hikes stake in Drone firm with Rs 150 cr investment
More News

Irish Minister James Lawless meets TN CM Stalin on historic first visit to Chennai

21 Mar 2025 | 3:32 PM

Chennai, Mar 21 (UNI) In a significant diplomatic engagement, Ireland Minister for Further
and Higher Education, Research, Innovation, and Science for Ireland, James Lawless, met
Tamil Nadu Chief Minister M.K. Stalin on Monday, reinforcing Ireland’s commitment to
fostering collaboration.

see more..

AP CM Naidu offers prayers in Tirumala temple

21 Mar 2025 | 3:32 PM

Tirumala , Mar 21 (UNI) Andhra Pradesh Chief Minister N Chandrababu Naidu offered prayers in Tirumala temple along with his family on Friday.

see more..

Ktk BJP MLA Yatnal demands CBI probe into honey trap scandal

21 Mar 2025 | 3:12 PM

Bengaluru, Mar 21 (UNI) The Karnataka Assembly witnessed high drama on Friday as BJP MLA Basanagouda R Patil Yatnal demanded a Central Bureau of Investigation (CBI) probe into alleged honey trap and blackmail attempts targeting elected representatives in the state.

see more..
Population based Delimitation, a deliberate attempt to undermine certain states : Stalin

Population based Delimitation, a deliberate attempt to undermine certain states : Stalin

21 Mar 2025 | 3:00 PM

Chennai, Mar 21 (UNI) The proposed delimitation exercise based on population
to be undertaken by the BJP-led Government at the Centre, was a deliberate
attempt to undermine certain states, Tamil Nadu Chief Minister and DMK President
MK Stalin said on Friday.

see more..

Thunderstorm with lightning, gusty winds and hailstorm likely in Telangana in next 48 hours: Met

21 Mar 2025 | 1:44 PM

Hyderabad, Mar 21 (UNI) Thunderstorm accompanied by lightning, gusty winds speed ranging from 40-50 kmph and hailstorm is likely to occur at isolated places in KomaramBheem Asifabad, Mancherial, Jagtial, Peddapalli, Jayashankar Bhupalpally districts of Telangana during the next 24 hours, Meteorological Centre said on Friday.

see more..