Zen Technologies shares jumped over 3% in early trade after the company announced a strategic move to acquire a majority stake in TISA Aerospace Private Limited for ₹6.56 crore. The deal marks Zen’s focused expansion into the fast-growing defence tech segment, particularly unmanned aerial vehicles (UAVs) and loitering munitions.
TISA Aerospace is known for its indigenous capabilities in designing and manufacturing loitering munitions—precision-guided weapons increasingly relevant in modern warfare. The acquisition will be executed through a mix of share purchases from TISA’s existing shareholders and the acquisition of compulsorily convertible debentures (CCDs) already issued by the company.
Zen’s Board of Directors has unanimously approved the acquisition, citing the strategic value and growth potential of this investment. The deal aligns with Zen Technologies’ long-term vision to strengthen its presence in the Indian defence manufacturing ecosystem.
The move is expected to accelerate Zen’s R&D capabilities and product offerings in cutting-edge defence technologies, giving it a stronger foothold in an evolving battlefield landscape where UAVs are becoming a crucial asset.
Zen Technologies shares opened at ₹1,906.10 and touched a high of ₹1,962.00 during the day. The stock also hit a low of ₹1,886.00. It is still below its 52-week high of ₹2,627.00 but well above the 52-week low of ₹945.35.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
