New Launch2 April 2026 at 02:00 pm
Zensar Technologies to Set Up New Entity/Branch in Zambia
AI Summary
Zensar Technologies Ltd has received in-principle approval for setting up a new entity/branch in Zambia. The decision was made at the Board of Directors meeting held on April 2, 2026. The new entity, Zensar Technologies Zambia, will be a step-down subsidiary and will operate in the software and allied services industry. The company or its subsidiaries will subscribe to the minimum capital at face value. The decision does not involve any cash consideration or share swap. The new entity's details will be disclosed as per Regulation 30 of the SEBI Listing Regulations.
Key Highlights
- Zensar Technologies to set up a new entity/branch in Zambia
- In-principle approval from the Board of Directors
- New entity to operate in the software and allied services industry
- Company or its subsidiaries to subscribe to the minimum capital at face value
- No cash consideration or share swap involved