Ramchandra Leasing & Finance Ltd — Important, 17-09-2025: Company Update
17-09-2025 | 07:03 pm
17-09-2025 | 07:03 pm
The company has acquired 715,000 equity shares, representing a 5.55% stake, in Gamma Rotors Limited from an existing shareholder for Rs 42.57 per share in a cash transaction. Gamma Rotors specializes in assembling, developing, selling, and servicing unmanned aerial vehicles (drones). This acquisition, an ordinary course of business, is a related party transaction but undertaken at arm's length. Gamma Rotors reported a paid-up capital of 2.58 Cr, net worth of 36.8 Cr, and recent turnover of 12.8 Cr, with previous years' turnovers at 11.19 Cr and 4.15 Cr. Completion is expected within 6 months.
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