Zen Technologies Limited has announced the successful acquisition of a 76% equity stake in TISA Aerospace Private Limited, making TISA its subsidiary. The company disclosed the development in a stock exchange filing on July 1, 2025.
As part of the transaction, Zen Technologies acquired 2,06,518 equity shares of TISA Aerospace and also purchased 4,00,000 6% Compulsory Convertible Debentures (CCDs) from an existing CCD holder. Following this, TISA’s board approved the allotment of an additional 3,35,806 equity shares to Zen Technologies upon conversion of these CCDs.
The company confirmed that the requisite regulatory disclosures under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, were already made in its earlier filing dated June 21, 2025.
This strategic acquisition is expected to strengthen Zen Technologies’ position in the aerospace and defense solutions space.
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