Joint Venture6 Mar 2026, 04:41 pm
Aequs Ltd Invests INR 10,01 Crores in Joint Venture for Unmanned Aerial Vehicles
AI Summary
Aequs Ltd has invested INR 10,01 Crores in a joint venture with Accel India VIII (Mauritius) Ltd, Vagus Defence Tech & Aerospace Fund, and Ajna Aerospace & Defence Private Limited. The investment is in the form of subscribing to 10,000 Equity Shares and 9,91,000 Seed Compulsorily Convertible Preference Shares. The joint venture aims to source, acquire, license intellectual property rights for unmanned aerial vehicles from overseas licensors and owners, develop own IP, and manufacture, assemble, test, market, and sell unmanned aerial vehicles and related products in India and internationally.
Key Highlights
- Aequs Ltd invests INR 10,01 Crores in a joint venture for unmanned aerial vehicles
- The joint venture aims to source, acquire, and license intellectual property rights for unmanned aerial vehicles from overseas licensors and owners
- Aequs Ltd has subscribed to 10,000 Equity Shares and 9,91,000 Seed Compulsorily Convertible Preference Shares
- The joint venture also aims to develop own IP and manufacture, assemble, test, market, and sell unmanned aerial vehicles and related products in India and internationally