Archive · 5 Nov 2025
Zen Technologies Acquires 76% Stake in ASSPL for ₹7 Crore
Zen Technologies is buying most of another company called ASSPL.
This means ASSPL will now be a part of Zen Technologies.
They are paying 7 crore rupees for this deal.
This will help Zen Technologies offer more advanced training tools for naval forces, making their defense training even better.
ASSPL had about 2.6 crore rupees in sales last year.
This news was shared with the stock market on Wednesday.
Zen Technologies announced its decision to acquire 76% of Anawave Systems & Solutions Private Limited (ASSPL) for ₹7 crore.
The acquisition was approved by Zen Technologies' board of directors.
Upon completion, ASSPL will become a subsidiary of Zen Technologies.
The deal aims to strengthen Zen's defense simulation capabilities, particularly for naval forces.
ASSPL reported a turnover of ₹2.60 crore for the fiscal year 2024-25.
- Who
- Zen Technologies
- What
- Acquisition of 76% stake in Anawave Systems & Solutions Private Limited (ASSPL)
- When
- November 5, 2025
- Where
- Bombay Stock Exchange (BSE)
- Why
- To enhance Zen Technologies' product portfolio in defense simulation with advanced tactical and combat training simulation technologies for naval forces.
- Acquiring Company
- Zen Technologies
- Target Company
- Anawave Systems & Solutions Private Limited (ASSPL)
- Acquisition Stake
- 76%
- Acquisition Cost
- ₹7 crore
- ASSPL Turnover (FY 2024-25)
- ₹2.60 crore
- Announcement Date
- November 5, 2025