Bengaluru, June 23 -- The shares of the anti-drone systems manufacturer hit 5 percent upper circuit of Rs 1,995.30 apiece after the company foray into the high-growth domain of the unmanned aerial vehicle (UAV) segment.

With a market capitalization of Rs 18,015.63 crore, the shares of ZEN Technologies Ltd were trading at Rs 1,995.30 per share, increasing around 5 percent as compared to the previous closing price of Rs 1,900.30 apiece.

The shares of ZEN Technologies Ltd have seen positive movement after the Board approved the acquisition of a 54.67 percent stake in TISA Aerospace Private Limited.

Additionally, the company will acquire 4,00,000 Compulsory Convertible Debentures (CCDs) of Rs 100 each at a 6 percent rate from an existing C...