Quadrature Capital Vector Sp acquired a new position in Ideaforge Technology Limited, purchasing 4,79,470 shares worth ₹39.39 crore for a 1.10% stake at ₹821.60 apiece.
A manufacturer of unmanned aircraft systems for the aerospace and defense sectors, ideaForge designs and produces advanced drones for commercial, industrial, and defense applications. Established in 2007, the company specializes in developing indigenous UAS technology tailored for India's operational requirements. Its portfolio includes systems for surveillance, mapping, reconnaissance, and tactical operations across defense, government, and commercial sectors.
India equity vehicle of Quadrature Capital, a London-based quantitative hedge fund.