Zen Technologies Limited has informed the Exchange about General Updates
ZENTEC · price
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Zen Technologies has completed the acquisition of a 76% stake in TISA Aerospace Private Limited, making it a subsidiary. The company acquired 2,06,518 equity shares and 4,00,000 compulsorily convertible debentures (CCDs) of TISA from existing holders. Upon conversion of the CCDs, TISA allotted an additional 3,35,806 equity shares to Zen Technologies. The deal was initially intimated on June 21, 2025, and has now been formally closed as of July 1, 2025. TISA is a private company in the aerospace sector.
This acquisition strengthens Zen Technologies' presence in the aerospace and defence space by adding a subsidiary with majority control. Shareholders should watch for future updates on TISA's contribution to consolidated revenue and earnings, as the financials will now flow into Zen Technologies' books.