Capital IQ Acquires Karman Drones Pvt. Ltd
October 3, 2024
New Delhi-based investment consultancy Capital IQ has acquired Indian drone manufacturer Karman Drones Pvt. Ltd for an undisclosed sum, valuing the company at about Rs 75 crore (roughly $9 million). Capital IQ said the acquisition will accelerate Karman's growth, support expansion and help position the business for a potential IPO in the coming years.
- Buyers
- Capital IQ
- Targets
- Karman Drones Pvt. Ltd
- Industry
- Aerospace & Defense
- Location
- Uttar Pradesh, India
- Transaction Type
- Buyout
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