The BSE filing claimed that through this acquisition, Alpha Design Technologies will provide Adani Defense and Aerospace with a strong tier-1 capability in order to build a base for graduating to platform capabilities. The company did not reveal the deal value. The acquisition of Alpha Design Technologies will strengthen the positioning of the Gautam Adani-led group in defence sector Adani Enterprises Ltd, the flagship entity of Adani Group, has acquired the Bengaluru-based defense electronics and avionics company Alpha Design Technologies Pvt Ltd for US$ 55.5 million (Rs 400 crore) in an all cash deal. Markets Today Top Gainers IGL 10.77%. Or click on Free Trial to get 14 days free trial. Technologies Private Limited recently through the acquisition of a 26% stake in Alpha Design Technologies Private Limited (ADTPL1). Alpha Design will provide Adani Defence a strong capacity for building a base for graduating to platform capabilities, Adani Enterprises said. Adani Group Buys Alpha Design Technologies for ₹ 4 billion. While medical staff at hospitals nurse India back to health, an army of delivery agents continues to bring ... A employee, working remotely since lockdown, can’t unsee the private lives of her colleagues on video calls. Covid-19 has triggered a consumer shift towards branded products as ... Big Story | Behavioural biases to be wary of in a bull market. Or click on Free Trial to get 14 days free trial. “Adani Aero Defence Systems & Technologies Alpha Design Technologies Pvt Ltd provides Adani Defence and Aerospace a strong tier-1 capability for building a base for graduating to platform capabilities, the filing said. The Adani Group is all set to acquire a substantial stake in Alpha Design Technologies Pvt with an initial investment of more than Rs 400 crore in an all-cash deal and is optimistic towards further expansion in the coming months. “Adani Defence Systems and Technologies — a wholly owned subsidiary of the firm — has acquired the control of Alpha Design Technologies," Adani Enterprises said in a BSE filing. Its key business areas includes, defence electronics, avionics, aero-structure assemblies, space and satellite systems and simulators among others. Covid-19 has triggered a consumer shift towards branded products as ... Big Story | Behavioural biases to be wary of in a bull market. “For what?” I ask. Sterling wins $97m contracts for Salt Lake City International Airport projects. Top Losers DMART -3.53%. In December 2018, Adani Defence Systems and Technologies Limited, a wholly-owned subsidiary of Adani Enterprises Limited, acquired a 26% stake in ADTPL. Alpha Design Technologies Pvt Ltd provides Adani Defence and Aerospace a strong tier-1 capability for building a base for graduating to platform capabilities, the filing said. . Alpha Design Technologies Pvt Ltd was established in 2003 for the design, development and … Bengaluru-based defence electronics and hi-tech major, Alpha Design Technologies Pvt Ltd, was recently acquired by the Adani Group in an all-cash deal. Facebook, Twitter, Instagram, YouTube and Established in 2003, ADTPL is in the business of defence electronics, avionics, aero-structure assemblies, space and satellite systems and simulators among others. Adani Aero Defence has signed a pact with Elbit-ISTAR and Alpha Design Technologies to work in the field of Unmanned Aircraft Systems (UAS) in India. Alpha Design Technologies provides Adani Defence & Aerospace a strong Tier-I capability for building a base for graduating to platform capabilities. With the Navy embarking on an upgrade programme of a fleet of anti-submarine helicopters, Bengaluru-based defence equipment manufacturer Alpha Design Technologies Pvt Ltd has offered "its expertise" in partnership with Adani Defence. Facebook, Twitter, Instagram, YouTube and 600,000,000 and its paid up capital is Rs. Adani Aero Defence has signed a pact with Elbit-ISTAR and Alpha Design Technologies to work in the field of Unmanned Aircraft Systems (UAS) in India. ICICIPRULI -2.79%. It is classified as Non-govt company and is registered at Registrar of Companies, Bangalore. Please Subscribe to get access to one of our early bird packs. Experience cleaner site with zero ads and faster load times. Get diverse set of perspectives from our trusted experts on Portfolio, Banking, Economy, Environment and others. For the record, Adani has been making headlines ever since the onset of 2019. Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device. A voluntary cardiac care service shows how Janaushadhi kendras can go much beyond selling low-cost medicines, What is needed to boost funding in renewable energy, Developments in the renewable sector this year can spur better future outcomes, While insurers reward you with higher sum insured, you can still enhance your existing policy for extra costs, The benchmark indices scaled new highs last week; traders should stay alert, You can vote ‘Yes’ and still demand that SEBI or the courts act on the results of investigations. Alpha Design Technologies Pvt Ltd provides Adani Defence and Aerospace a strong tier-1 capability for building a base for graduating to platform capabilities, the filing said. Experience cleaner site with zero ads and faster load times. Follow us on Telegram, Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device. Adani Enterprises on Thursday announced acquisition of aerospace and defence player Alpha Design Technologies Pvt Ltd for Rs400cr in an all-cash deal. Customize your preference and get a personalized recommendation of stories based on your interest. Its authorized share capital is Rs. Alpha Design Technologies Private Limited is a Private incorporated on 02 July 2003. Magic happens when digital biz meets advertising, Say cheese, says the organised dairy sector, இந்து தமிழ் திசை. CADILAHC 6.58%. Please Subscribe to get access to one of our early bird packs. Offer closes soon. “It’s time!” says Muriel, as I get into her car. “Aren’t we going ... An ode to a friend who kept relationships and magic alive, How young businesses grabbed shelf and mind space during the pandemic, Wondrlab founder Saurabh Varma explains why and how his business will be driven by tech platforms, Defined by worry, 2020 also threw up newer consumer needs and, in turn, marketing opportunities. Its key customers include global OEMs, defence PSUs and research establishments such as DRDO besides Indian Armed forces and ISRO. A nifty little soundbar at a great price point. About Us Alpha Design Technologies Pvt Ltd., has been established with a view to put into action "MAKE IN INDIA" policy of the Government of India. The acquisition strengthens Adani’s positioning in the defence sector. Commenting on the cost of acquisition, the company said it was for "Rs 400 crore", and acquired "1,33,16,909 equity shares of Rs 10 each at a premium of Rs 290.37 per share". NEW DELHI: Alpha Design Technologies, an Indian defence electronics firm which recently tied up with Adani NSE -0.88 % Aero Defence Systems, part of the Gautam Adani-led group, is also the main Indian partner of Elettronica, the Italian defence company whose name has surfaced in the ‘Panama Papers’ for allegedly paying commissions in India. Magic happens when digital biz meets advertising, Say cheese, says the organised dairy sector. “Aren’t we going ... An ode to a friend who kept relationships and magic alive, How young businesses grabbed shelf and mind space during the pandemic, Wondrlab founder Saurabh Varma explains why and how his business will be driven by tech platforms, Defined by worry, 2020 also threw up newer consumer needs and, in turn, marketing opportunities. Read more about Alpha Design keen to partner with Adani Defence for Navy chopper upgrade on Business Standard. Get Full Digital Access To The Hindu BusinessLine, The Hindu, Frontline, Sportstar, Crossword+, Epaper replica of The Hindu and The Hindu BusinessLine in ONE SINGLE DISCOUNTED PRICE! Offer closes soon. Alpha Design Technologies Pvt Ltd was established in 2003 for the design, development and manufacture of defence electronics and avionics. twitter; facebook And it has every reason to smile. Alpha Design Technologies provides Adani Defence and Aerospace a strong tier-1 capabilities for building a base for graduating to platform capabilities. Ahmedabad, March 30, 2016: Adani Aero Defence Systems & Technologies Ltd, Elbit-ISTAR and Alpha Design Technologies Pvt Ltd have signed the statement of intent to cooperate and work together in the field of Unmanned Aircraft Systems (UAS) in India, aligned to … The company has posted consolidated turnover of ₹218 crore for 2017-18, Adani informed in a statement on the stock exchanges on Thursday. 437,259,776. Alpha Design Technologies Pvt Ltd provides Adani Defence and Aerospace a strong tier-1 capability for building a base for graduating to platform capabilities, the filing said. You have clicked on a link which leaves THBL website, and you will be redirected to a third party website.THBL makes no representations nor has any supervision or control over the content, reliability or security of the third party website, nor shall THBL be liable for its use. Adani ties up with Elbit, Alpha for unmanned aircraft systems 1 min read. With the Navy embarking on an upgrade programme of a fleet of anti-submarine helicopters, Bengaluru-based defence equipment manufacturer Alpha Design Technologies Pvt Ltd has offered "its expertise" in partnership with Adani Defence. ENOC Group opens new service stations in Lehbab and Al Qudra. Alpha Design Technologies Private Limited, its subsidiaries (Alpha-Tocol Engineering Services Pvt Ltd, ... Amar Singh Bakshi. Alpha Design Technologies provides Adani tier-I capability in defence and aerospace. We’re both wearing masks. Burger loveA year after withdrawing it, McDonald’s India re-introduced the Chicken McGrill last month after a ... Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ... Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ... Aequs Aerospace to create space for large-scale manufacture of toys at Koppal. You can also download our Android App or IOS App. And it has every reason to smile. . Adani Enterprises Ltd on Thursday announced acquisition of aerospace and defence player Alpha Design Technologies Pvt Ltd for ₹ 400 crore in an all-cash deal. Adani Enterprises said on Saturday its subsidiary, Adani Defence Systems and Technologies, has acquired Alpha Design Technologies. Electronics Bazaar February 2019. Ahmedabad, March 30, 2016: Adani Aero Defence Systems & Technologies Ltd, Elbit-ISTAR and Alpha Design Technologies Pvt Ltd have signed the statement of intent to cooperate and work together in the field of Unmanned Aircraft Systems (UAS) in India, aligned to the PM Mr. Modi's Make in India initiative. Linkedin. Copyright © 2020, THG PUBLISHING PVT LTD. Adani wins Centre’s approval for groundwater management plans for Australia coal mine, Film exhibition industry revenues to contract by 80-85% in FY 21: ICRA, Small, tiny foundries in Coimbatore to go on strike from Dec 16, Google restores services for majority of users after global outage, Uday Shankar takes over as FICCI President, Suguna Daily Fressh expand its presence in Kerala, Creative Stage V2: Setting the scene with elegant simplicity, How you can maximise your health insurance, Index Outlook | Sensex, Nifty 50 face key resistance ahead. Alpha Design Technologies provides Adani tier-I capability in defence and aerospace. Avail Invitation Pricing Now Adani Enterprises acquires Alpha Design for 400 cr news and related update by Business Line . Adani Enterprises Ltd on Thursday announced acquisition of aerospace and defence player Alpha Design Technologies Pvt Ltd for ₹400 crore in an all-cash deal. The company was founded by current CMD Col. H.S. A voluntary cardiac care service shows how Janaushadhi kendras can go much beyond selling low-cost medicines, What is needed to boost funding in renewable energy, Developments in the renewable sector this year can spur better future outcomes, While insurers reward you with higher sum insured, you can still enhance your existing policy for extra costs, Control your emotions — it will pay off, The benchmark indices scaled new highs last week; traders should stay alert, You can vote ‘Yes’ and still demand that SEBI or the courts act on the results of investigations. 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