Zen Technologies acquires 76% stake in TISA Aerospace, makes it a subsidiary
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.
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.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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