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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