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

RRP Defense Ltd has announced the acquisition of RRP Drones Innovation Private Limited for approximately Rs. 2,26,87,76,430/- through a share swap. The acquisition will involve the issuance of up to 1,27,45,935 equity shares of RRP Defense Ltd to the shareholders of RRP Drones Innovation Private Limited. The acquisition is expected to be completed within 15 days from the date of approval from the shareholders or other relevant authorities including the Stock Exchange. RRP Drones Innovation Private Limited is a Mumbai-based company involved in the manufacturing, operating, repairing, renting, and providing training and consultancy services for all types of drones and related technologies. The company has a turnover of INR 14,09,25,265 for the financial year 24-25.