India, May 3 -- Ace investor Shankar Sharma offloaded 2 Lakh shares or a 0.83% stake in drone startup DroneAcharya Aerial Innovations this week.

Sharma, a pre-IPO investor in the startup, sold the shares in a bulk deal worth almost INR 3.1 Cr on the BSE on Thursday (May 2).

Sharma held a 1.91% stake in DroneAcharya at the end of the September quarter of 2023. However, his name doesn't feature in the startup's shareholders list for the quarter ended March 2024.

The total number of shares of DroneAcharya held by Sharma remained unchanged at 4.57 Lakh at the end of the September quarter last year compared to his holding at the end of December 2022 after the startup's listing on the BSE's SME platform.

Following Sharma's stake sale, share...