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Deal Alert: TASL acquires majority stake in defense startup AIS

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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. 

Venture Intelligence is the leading provider of data and analysis on private equity, venture capital and M&A transactions in India as well as Financials & Valuations of Private Companies in the country. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

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