Zensar Technologies Limited has informed the Exchange about the In-principle approval for the setting of a new entity/branch in Zambia

Zensar Technologies' Board of Directors has granted in-principle approval to establish a new entity or branch in Zambia, either directly or through its subsidiaries. The new entity, to be named 'Zensar Technologies Zambia', will operate in the software and allied services industry. The company or its subsidiaries will initially subscribe to minimum capital at face value. This will be a step-down subsidiary and is classified as a related party transaction, though promoters have no direct interest in the new entity.