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Login with Dealer ID or Email ID or Mobile No. Chennai, June 29, 2023: Coromandel International Limited (BSE: 506395, NSE: COROMANDEL ) through its wholly owned subsidiary Coromandel Technology Limited (CTL), is acquiring an additional 32.68% equity stake in Dhaksha Unmanned Systems Pvt. Ltd (Dhaksha), a Chennai based differentiated drone start-up at an outlay of Rs 204 crores. Coromandel had earlier acquired 18.34% in Daksha through its investment arm Dare Ventures Limited. With this acquisition, Coromandel will be holding a majority (51 ... Coromandel ’s commitment to innovation is truly inspiring. The company continually invests in research and development to bring innovative solutions to the market. This forward-thinking approach not only benefits our customers but also provides employees with exciting challenges and the chance to contribute to groundbreaking projects. Coromandel International Ltd invested Rs 150 crore to acquire 7% stake in Dhaksha Unmanned Systems, enhancing research and technology adoption. Dhaksha offers UAS technology solutions, remote pilot training services, with a Rs 265 crore order book.
