M&A
Dorf Ketal Chemicals acquires 75% stake in drone propulsion startup Trishula
Mumbai-based Dorf Ketal Chemicals, via its unit Trentar Pvt. Ltd., has acquired a 75% stake in Hyderabad-based startup Trishula, which manufactures UAV propulsion systems for defence and commercial needs. As part of its bid to invest INR 100 crore in drone manufacturing, Trentar had earlier acquired GarudaUAV, a drone-based services and platform company. It also launched its drone manufacturing with vertical take-off and landing (VTOL) unmanned aerial vehicle (UAV) planned for release in early 2022.
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