Acquisitions21 Jun 2025, 02:52 pm
ZEN Technologies to Acquire 54.67% Stake in TISA Aerospace for Rs. 6.56 Crores
AI Summary
ZEN Technologies Ltd. has approved an investment of up to Rs. 6.56 crores to acquire a 54.67% stake in TISA Aerospace Private Limited. The acquisition will be made through purchasing equity shares and 6% Compulsory Convertible Debentures (CCDs) from existing shareholders. Upon completion, TISA will become a subsidiary of ZEN Technologies. The acquisition is expected to be completed by Q2 of FY 2025-26, subject to customary closing formalities.
Key Highlights
- ZEN Technologies to invest up to Rs. 6.56 crores in TISA Aerospace
- Acquisition of 54.67% stake in TISA through equity shares and CCDs
- TISA Aerospace to become a subsidiary of ZEN Technologies
- Expected completion in Q2 of FY 2025-26
- Acquisition marks Zen Technologies' entry into the unmanned aerial vehicle (UAV) segment within the defence sector