Acquisitions7 Nov 2025, 03:39 pm
RRP Defense Ltd Proposes Acquisition of RRP Drones Innovation Private Limited for Rs. 2,26,87,76,430/-
AI Summary
RRP Defense Ltd has proposed the acquisition of RRP Drones Innovation Private Limited for approximately Rs. 2,26,87,76,430/-. The acquisition will be through a share swap, where the Company will issue up to 1,27,45,935 equity shares having a face value of Rs. 10/- each on a preferential basis. This acquisition will facilitate the acquisition of the entire business and management control of the Target Company, enabling consolidation of operations, enhancement of strategic value, and creation of an integrated corporate structure. The acquisition is expected to be completed within 15 days from the date of approval from the shareholders or other relevant authorities including Stock Exchange.
Key Highlights
- RRP Defense Ltd proposes to acquire RRP Drones Innovation Private Limited for approximately Rs. 2,26,87,76,430/- through a share swap.
- The acquisition will facilitate the acquisition of the entire business and management control of the Target Company.
- The acquisition is expected to enable consolidation of operations, enhancement of strategic value, and creation of an integrated corporate structure.
- The acquisition is expected to be completed within 15 days from the date of approval from the shareholders or other relevant authorities including Stock Exchange.