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Zensar Technologies’ arm gets approval to divest 100% stake in Aquila Technology Corp

26 Feb 2021 Evaluate

Zensar Technologies’ wholly owned subsidiary -- Zensar Technologies Inc. has received approval from board to divest 100% of its equity shareholding, held by it in Aquila Technology Corp, subject to approval of relevant statutory, regulatory and/or governmental authority, as may be required. The board of directors at its meeting held on February 25, 2021 has approved the same.

Zensar Technologies Inc. holds 100% of equity in Aquila Technology Corp (Aquila). PSI Holding Group Inc (PSI) a wholly owned subsidiary of Zensar Technologies Inc. was holding 100% of equity in Aquila till October 31, 2019. Effective November 2019, PSI distributed the stock of Aquila to Zensar Technologies Inc., pursuant to which Zensar Technologies Inc. holds 100% of equity in Aquila.

Zensar Technologies, formerly known as ICIL was acquired by the RPG group in 1989. It is a globally focused software and services company spread across eighteen countries across the world.

Zensar Technologies Share Price

518.35 -13.00 (-2.45%)
17-Jul-2026 16:59 View Price Chart
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