RRP Defense Ltd. to Acquire RRP Drones Innovation Private Limited for Rs. 2,26,87,76,430/-

RRP Defense Ltd. has approved the acquisition of RRP Drones Innovation Private Limited in a share swap deal. 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. The acquisition is under ordinary course of business and on arm’s length basis. The primary object of the issue is to facilitate the acquisition of the entire business and management control of the Target Company by the Transferee Company, thereby enabling consolidation of operations, enhancement of strategic value, and creation of an integrated corporate structure. The merger will result 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. RRP Drones Innovation Private Limited is in the business of manufacturing, operating, repairing, renting, and providing training and consultancy services for all types of drones and related technologies, including hardware, software, and data solutions.