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Zen Technologies makes investment of $10 million in Zen USA

21 Feb 2025 Evaluate

Zen Technologies has made an investment of $10 million in Zen Technologies USA, Inc (Zen USA) and Zen USA has allotted 71,42,857 shares of $1 each at a premium of $0.4 per share to the Company on February 19, 2025.

The objective of investment is to leverage new growth opportunities in the US markets. There will be no change in the shareholding of the Company in Zen Technologies USA, Inc. It will continue to remain a wholly owned subsidiary of the Company.

Zen Technologies is a pioneer in the design, development and manufacture of world class, state-of-the-art training simulators.

Peers
Company Name CMP
Hindustan Aeronaut. 4690.90
Bharat Electronics 386.40
Aequs 220.70
Astra Microwave Prod 1622.10
DCX Systems 160.85
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