Zen Technologies has received approval to acquire 51% shareholding of Unistring Tech Solutions for a consideration of Rs 7 crore by way of investment in equity, as a combination of acquiring existing promoter shares and issue of fresh shares. The Board of Directors at their meeting held on August 14, 2018, approved the same.
Zen Technologies specializes in making simulators and imparting training since 1993. It has an innovative research and development division and is recognized as an in-house R&D unit by the Department of Scientific and Industrial Research (DSIR).
