Read the text and determine if the sentence is true:

The Royal Irish Rangers (27th (Inniskilling), 83rd and 87th) was a regular infantry regiment of the British Army with a relatively short existence, formed in 1968 and later merged with the Ulster Defence Regiment in 1992 to form the Royal Irish Regiment.

Sentence: The Royal Irish Rangers was a elite infantry regiment of the British Army with a relatively short existence.
No