Newsletter
Zen Technologies shares ended in the green after it acquired a majority stake in TISA Aerospace for ₹6.5 crore.
TISA Aerospace is an emerging defence technology company, specialising in indigenously developed loitering munitions & UAVs.
The why: this acquisition marks Zen Tech’s entry into the loitering munitions sector, which has gained prominence in warfare applications.
Zoom out: according to a report by ICRA, India’s defence manufacturing sector is expected to see a 15-17% rise in revenue in FY 2025-26, driven by a strong order pipeline & govt-led localisation efforts.
Zen Tech, known for its advanced defence training and anti-drone solutions, aims to strengthen its foothold in the defence drone space.
It plans to do so by gaining access to cutting-edge technologies that align with the needs of the Indian armed forces.
