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December 11, 2012

Deal Alert: TASL acquires majority stake in defense startup AIS

Hyderabad-based Tata Advanced Systems Ltd. (TASL) has acquired a majority stake in Bangalore-based Aurora Integrated Systems (AIS), which is developing indigenous technology, manufacturing and integrating state-of-the-art airborne systems with a focus on small Unmanned Aerial Systems.

PXV Law Partners advised AIS while AZB & Partners advised TASL.  

From the Venture Intelligence PE Deal database: Aurora was incubated at IIT-Kanpur SIIC. 

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