Zen Technologies Ltd.ZENTEC₹1,994.60 +5.00%

Zen Technologies Ltd. has announced a strategic acquisition of a majority stake in TISA Aerospace Private Limited, marking a significant move into the high-potential segment of loitering munitions and unmanned aerial vehicles (UAVs). The acquisition, approved unanimously by Zen’s Board of Directors, will be carried out through a combination of share purchase and the acquisition of compulsorily convertible debentures (CCDs) previously issued by TISA.

TISA, founded in December 2020, is an emerging Indian defence technology firm focused on indigenously developed loitering munitions and UAVs. The company has successfully delivered solutions meeting DRDO specifications and is currently developing new variants for the Indian Army. TISA’s R&D capabilities have been bolstered through collaborations with premier institutes such as IIT Madras.

Zen’s acquisition is expected to unlock synergies across platforms, enabling faster product development, deployment, and global competitiveness.

Zen Technologies, with over 1,000 defence training systems deployed globally and more than 172 patents filed, has long been a leader in anti-drone and combat training solutions. This acquisition signals its intent to play a larger role in the drone warfare space, one of the fastest-growing domains in modern defence.

Zen Technologies touched its 5% upper circuit in the early hours of trading on Monday, rising to ₹1,994.60 as investors reacted positively to the announcement.

This stock has given multibagger returns of more than 1090% and 3692% over the last three and five years, respectively.

Let’s take a look at its Factor Analysis scores:

Note: The stock price mentioned is as of 3:30 PM.

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