Intimation regarding Strategic Memorandum of Understanding (MoU) with Thrust Aircraft Private Limited.
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Rose Merc Ltd has signed a non-binding MoU with Thrust Aircraft Private Limited (TAPL), India's first indigenous aircraft and UAV maker. Under the deal, Rose Merc will help TAPL with business evaluation, investor introductions, and fundraising of up to ₹20 Crore, and may also invest up to ₹20 Crore directly in TAPL's equity round. RML brings ties to Capital Square Advisors, a Category I Merchant Banker with over ₹70,000 crore in syndicated debt experience. TAPL's product lineup includes the TAC 003 six-seater utility aircraft and TAC 005 19-seater transport model aimed at regional connectivity and Make in India goals. The MoU is non-binding and may lead to a joint working group for implementation.
This is a non-binding strategic partnership, not a formal acquisition or JV, so immediate financial impact is limited. However, it signals Rose Merc's diversification into the aerospace sector and a potential capital deployment of up to ₹20 Crore, which could be positive for sentiment if the collaboration materializes into concrete investment or business.