RRP Defense Ltd. to Acquire RRP Drones Innovation Private Limited for INR 2,26,87,76,430 via Share Swap

RRP Defense Ltd. has approved the acquisition of RRP Drones Innovation Private Limited for approximately INR 2,26,87,76,430 through a share swap. 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. RRP Drones Innovation Private Limited, incorporated in 2024, is in the business of manufacturing, operating, repairing, renting, and providing training and consultancy services for all types of drones and related technologies. The acquisition will enable consolidation of operations, enhancement of strategic value, and creation of an integrated corporate structure, resulting in synergistic advantages through optimization of resources, strengthening of the balance sheet, improvement of operational efficiency, and unlocking of future growth opportunities for stakeholders of both companies.