DroneAcharya Puts Merger With AITMC On Hold

The reason for the recission is to re-evaluate the term sheet and focus on the current growth and future opportunities in the sector, DroneAchary said

However, DroneAcharya founder and MD Prateek Srivastava told Inc42 that the company has not cancelled the merger but put it on hold for now

In January, DroneAcharya and agri-drone company AITMC Ventures signed a term sheet for a strategic merger

BSE SME-listed DroneAcharya has taken a U-turn from its decision to merge…