Acquisitions1 Mar 2025, 04:20 pm
Zen Technologies Acquires Control of Applied Research International and Completes Acquisition of ARI Labs
AI Summary
Zen Technologies Limited has acquired control of Applied Research International Private Limited (ARIPL) from Mr. Shravan Rewari and Ms. Naomi Rewari. The share transfer of 76% of the total paid-up share capital of ARIPL is under process. Additionally, Zen Technologies has completed the acquisition of 100% of the total paid-up share capital of ALPL from Mr. Shravan Rewari and Mrs. Amarjeet Rewari, making ALPL a wholly owned subsidiary of the company. The acquisition of the balance 24% of the total paid-up share capital of ARIPL will be completed in due course, making ARIPL a wholly owned subsidiary of Zen Technologies post-acquisition.
Key Highlights
- Zen Technologies has acquired control of Applied Research International Private Limited (ARIPL) from Mr. Shravan Rewari and Ms. Naomi Rewari.
- The share transfer of 76% of the total paid-up share capital of ARIPL is under process.
- Zen Technologies has completed the acquisition of 100% of the total paid-up share capital of ALPL from Mr. Shravan Rewari and Mrs. Amarjeet Rewari.
- ALPL has now become a wholly owned subsidiary of Zen Technologies.
- The acquisition of the balance 24% of the total paid-up share capital of ARIPL will be completed in due course, making ARIPL a wholly owned subsidiary of Zen Technologies post-acquisition.