Latest news with #TISA
Business Upturn
01-07-2025
- Business
- Business Upturn
Zen Technologies acquires 76% stake in TISA Aerospace, makes it a subsidiary
By Aditya Bhagchandani Published on July 1, 2025, 17:28 IST Zen Technologies Limited has announced the successful acquisition of a 76% equity stake in TISA Aerospace Private Limited, making TISA its subsidiary. The company disclosed the development in a stock exchange filing on July 1, 2025. As part of the transaction, Zen Technologies acquired 2,06,518 equity shares of TISA Aerospace and also purchased 4,00,000 6% Compulsory Convertible Debentures (CCDs) from an existing CCD holder. Following this, TISA's board approved the allotment of an additional 3,35,806 equity shares to Zen Technologies upon conversion of these CCDs. The company confirmed that the requisite regulatory disclosures under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, were already made in its earlier filing dated June 21, 2025. This strategic acquisition is expected to strengthen Zen Technologies' position in the aerospace and defense solutions space. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Bangkok Post
30-06-2025
- Business
- Bangkok Post
Savings scheme awaits nod
The Finance Ministry has yet to approve a long-term investment tax benefit for the Thailand Individual Savings Account (TISA) scheme, as proposed by the Stock Exchange of Thailand (SET), posing a stumbling block to the bourse's Jump+ initiative. The TISA proposal, modelled on Japan's Nippon Individual Savings Account (NISA) scheme, is seen as a crucial complement to the Jump+ initiative, which targets retail investor participation by offering tax exemptions. However, the Finance Ministry has yet to confirm its support for the scheme, said SET president Asadej Kongsiri. The Jump+ initiative is a three-year development programme to support listed companies in the areas of sustainability and growth from 2026-2028. With a 550-million-baht grant from the Capital Market Development Fund (CMDF), each participant is expected to receive up to 5 million baht in support to hire advisors and experts, as well as initial seed capital of 3 million baht per project. The Securities and Exchange Commission (SEC) launched its Corporate Value Up programme to complement Jump+, aiming to bolster listed companies' long-term value and investor confidence as well as increase trading liquidity. The SEC's programme seeks to enhance long-term corporate value through outstanding governance, tied directly to incentives provided through the Thai ESG and Thai ESG Extra funds. "We believe Jump+ will enhance the appeal of Thailand's capital market. We expect around 100 listed companies to join in the first year of implementation, and qualifying firms may later enter the Corporate Value Up programme if they meet the SEC's criteria," said Mr Asadej. Pornanong Budsaratragoon, secretary-general of the SEC, said Asian capital markets face challenges related to returns and investor confidence. Several countries including Thailand are turning to long-term value creation frameworks such as the Value Up programme to enhance corporate governance and shareholder value. "Thailand stands at a pivotal crossroads. If we want our listed companies to be sustainable drivers of the economy, transitioning to our 'Value Up' approach is essential," said Mrs Pornanong. Amnouy Jiramahapoka, executive vice-president of the SET, stressed the urgency behind Jump+. "Trading liquidity in the Thai stock market has plummeted 60-70% over the past 4-5 years, dropping from an average of 80-100 billion baht to just 30-40 billion baht per day," he said. This prompted the bourse to adopt successful models from Japan and South Korea to stimulate a market recovery, said Mr Amnouy. South Korea's corporate value initiative had more than 100 large firms participate, focusing on sustainable growth and governance. Meanwhile, Japan's NISA programme lifted investor demand through tax incentives for long-term retail investment. Chavinda Hanratanakool, chairwoman of the Association of Investment Management Companies, welcomed the initiatives, noting they are likely to attract attention small and mid-cap firms. "The SET's role as host and the SEC's involvement adds confidence to the investment process. Last year 13 listed firms faced corporate governance-related issues, affecting investor trust," she said. Somsak Sirichainarumitr, chief executive of Asset Pro Management, a financial advisory, said the initiatives offer a timely opportunity for listed companies amid volatile market conditions. Most investment projects take about three years to deliver returns, he said. Five to six firms have approached Asset Pro for consultations under the Jump+ programme, said Mr Somsak. By fostering sustainable governance and offering real capital support, the SEC and SET are laying the foundations for a more resilient and attractive capital market -- following global best practices but adapted to local needs, he said.
Time of India
24-06-2025
- Business
- Time of India
Zen Tech Buys 55% stake in Hyderabad defence drone firm: Stock hits 5% upper circuit on acquisition news; sector in focus post Operation Sindoor
HYDERABAD: With the spotlight on the defence drone sector post Operation Sindoor, Hyderabad-based anti-drone tech player Zen Technologies has acquired majority stake in emerging defence technology player TISA Aerospace, which specialises in developing indigenous loitering munitions and unmanned aerial vehicles (UAVs). Zen Technologies acquired around 54.7% stake in Hyderabad-based TISA Aerospace for a consideration of nearly 6.6 crore. This is being done through the acquisition of 2,06,518 equity shares from existing shareholders in the company. Zen Technologies will also acquire another 4 lakh 6% compulsory convertible debentures of TISA. News of the acquisition, which marks Zen Technologies' foray into the fast growing domain of loitering munitions, UAVs, and precision-guided weaponry, powered the company's scrip to the 5% upper circuit at 1995.3 a share on Bombay Stock Exchange on Monday compared to the previous closing price of 1,900.3 a share. Zen CMD Ashok Atluri said TISA's expertise in loitering munitions will provide the company immediate access to advanced technologies and platforms to cater to emerging operational requirements of armed
Time of India
23-06-2025
- Business
- Time of India
Zen Technologies acquires 55% stake in defence drone company TISA Aerospace
HYDERABAD: With the spotlight on the defence drone sector post Operation Sindoor, Hyderabad-based anti-drone tech player Zen Technologies Limited has acquired majority stake in emerging defence technology player TISA Aerospace Pvt Ltd, which specialises in indigenously developing loitering munitions and unmanned aerial vehicles (UAVs). Zen Technologies will be acquiring around 54.7% stake in Hyderabad-based TISA Aerospace for a consideration of nearly Rs 6.6 crore. This it will be doing through the acquisition of 2,06,518 equity shares from existing shareholders in the company. Zen Technologies will also be acquiring another 4 lakh 6% compulsory convertible debentures of TISA, which was set up by Raghu Vamsi Group's promoter Vamsi Vikas Ganesula and Kiran Kumar Vagga in December 2020. News of the acquisition powered Zen Technologies shares to the 5% upper circuit at Rs 1995.30 a share on the Bombay Stock Exchange on Monday as compared to the previous sessions close of Rs 1900.30 a share. The move marks Zen Technologies' foray into the rapidly growing domain of loitering munitions, UAVs and precision guided weaponry. Zen Technologies chairman and managing director Ashok Atluri said the move would beef up the company's presence in the rapidly evolving defence drone sector. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Proteja seu imóvel com Verisure (Saiba mais) Alarme Verisure Solicite orçamento Undo 'TISA's expertise in loitering munitions provides us with immediate access to advanced technologies and platforms that align with the emerging operational requirements of the armed forces,' he said. Pointing out that TISA has achieved significant R&D milestones, which includes the successful execution of a project for DRDO with critical design assistance from IIT Madras, Atluri said: 'By integrating these capabilities with our existing strengths in anti-drone systems and propulsion technologies, we are building a broader and more future-ready defence portfolio.' He said the move is in line with India's 'urgent need' for self-reliance in defence capabilities, particularly in drones and loitering munitions. 'We see strong potential in product integration across platforms, enabling us to scale faster and compete more effectively in both domestic and global markets,' Atluri added. TISA Aerospace is focused on the design, development, and manufacture of advanced loitering munitions and UAVs tailored for defence applications. The company has successfully delivered loitering munitions meeting DRDO specifications and is developing new variants for the Indian Army. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
The Hindu
23-06-2025
- Business
- The Hindu
Zen Tech shares surge on acquisition of stake in defence tech firm TISA Aerospace
Zen Technologies shares hit the upper circuit on Monday after the defence training and anti-drone solutions provider announced it is acquiring majority stake in emerging defence technology firm TISA Aerospace that specialises in loitering munitions and unmanned aerial vehicles. This will mark the company's entry into the high-growth domain of loitering munitions and the ecosystem around it. It is a rapidly evolving category of precision-guided weaponry that has demonstrated significant operational relevance in modern warfare, Zen said, announcing its Board approval for ₹6.56 crore investment towards acquisition of nearly 55% stake and 4 lakh compulsorily convertible debentures. Zen shares ended 5% - upper circuit – at ₹1,995.30 each on the BSE. 'TISA's expertise in loitering munitions provides us with immediate access to advanced technologies and platforms that align with the emerging operational requirements of the Armed Forces,' Chairman and Managing Director Ashok Atluri. TISA has achieved significant research and development milestones, including successful execution of a project for DRDO with critical design assistance from IIT Madras. By integrating these capabilities with its existing strengths in anti-drone systems and propulsion technologies, Zen said it sought to build a broader and more future-ready defence portfolio. 'We see strong potential in product integration across platforms, enabling us to scale faster and compete more effectively in both domestic and global markets,' he said in a release. TISA was founded in December 2020.
