Zen Technologies to acquire 51.98% stake in Cogknit Semantics for ₹135.15 Cr

Zen Technologies Limited announced its Board of Directors has approved an investment of ₹135.15 crore for a 51.98% stake in Cogknit Semantics Private Limited. Cogknit, a defence technology company, is a developer of Battlefield Management Systems (BMS) and won the iDEX challenge. This investment, which includes a primary funding round and acquisition of existing shares, will make Cogknit a subsidiary of Zen upon completion. The acquisition aligns with Zen's AI platform, Samvid, and is expected to enhance its offerings in defence technology. Investor Ashish Kacholia and associates will also invest in Cogknit's primary round.