Ramchandra Leasing & Finance Acquires 5.55% Stake in Gamma Rotors Limited for Rs. 42.57 per Share

Ramchandra Leasing & Finance Ltd. has acquired a 5.55% stake in Gamma Rotors Limited through a Share Purchase Agreement with Unlisted Assets Private Limited. The acquisition cost is Rs. 42.57 per equity share, totaling to an investment of 7,15,000 shares with a face value of Rs. 2 each. The acquisition falls under Related Party Transactions, as the Board of Directors of Unlisted Assets Private Limited comprises a relative of the proposed Promoter Group of Ramchandra Leasing & Finance Ltd. The transaction is being undertaken at an arm's length basis and is in the ordinary course of business. Gamma Rotors Limited is engaged in the business of assembling and developing all kinds of unmanned aerial vehicles system/drones and to sell unmanned aerial vehicles/drones and to provide the maintenance and servicing of same. The acquisition is expected to be completed within 6 months.