Acquisitions1 Jul 2025, 04:27 pm
ZEN Technologies Acquires Major Stake in TISA Aerospace, Completes 76.00% Shareholding
AI Summary
ZEN Technologies Ltd. has completed the acquisition of 2,06,518 equity shares of TISA Aerospace Private Limited (TISA) from its existing shareholder and 4,00,000 numbers of 6% Compulsory Convertible Debentures (CCDs) of face value of Rs. 100 each from an existing CCD holder. Following the conversion of CCDs, the Company now holds 76.00% stake in TISA, making it a subsidiary of ZEN Technologies. This acquisition was disclosed earlier on June 21, 2025, in accordance with Regulation 30(7) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- ZEN Technologies acquires 76.00% stake in TISA Aerospace
- Acquisition includes 2,06,518 equity shares and 4,00,000 CCDs
- TISA has become a subsidiary of ZEN Technologies
- The acquisition was disclosed on June 21, 2025
- ZEN Technologies is now the majority shareholder of TISA