Coromandel announces acquisition of drone manufacturing company

Coromandel International Ltd's shares rose by 1.4% following its subsidiary, Coromandel Technology Limited's acquisition of a 7% stake worth ₹150 crore in drone manufacturing company Dhaksha Unmanned Systems Private Limited. Dhaksha, a leader in drone technology in India, caters to agricultural, defense, and enterprise sectors with a significant order book of ₹265 crore.