Mumbai, June 23 -- TISA Aerospace is engaged in the design and development of UAVs for the defence industry. Its turnover was Rs 1.81 crore in FY25.

As a part of the deal, Zen Technologies will acquire 2,06,518 equity shares or 54.67% stake in TISA Aerospace, along with 4,00,000 CCDs with a 6% interest rate and a face value of Rs 100 each, from an existing CCD holders. The board has approved a total investment of up to Rs 6.56 crore for the acquisition.

This investment represents a focused entry into the high-growth domain of loitering munitions and the ecosystem around it - a rapidly evolving category of precision-guided weaponry that has demonstrated significant operational relevance in modern warfare.

Ashok Atluri, chairman and mana...