Zen Technologies soars on signing MoU with TXT e-Tech and PACE, TXT Group
Zen Technologies is currently trading at Rs. 1465.00, up by 16.55 points or 1.14% from its previous closing of Rs. 1448.45 on the BSE.
The scrip opened at Rs. 1465.00 and has touched a high and low of Rs. 1528.00 and Rs. 1451.95 respectively. So far 83780 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2627.95 on 24-Dec-2024 and a 52 week low of Rs. 795.10 on 16-Feb-2024.
Last one week high and low of the scrip stood at Rs. 1671.50 and Rs. 1393.35 respectively. The current market cap of the company is Rs. 13253.72 crore.
The promoters holding in the company stood at 49.05%, while Institutions and Non-Institutions held 17.26% and 33.69% respectively.
Zen Technologies has signed a strategic Memorandum of Understanding (MoU) with TXT e-Tech and PACE, TXT Group, globally renowned leaders specializing in aerospace and defense technology. The signing ceremony took place during Aero India 2025 held at Yelahanka Air Force Station, Bengaluru.
This partnership will help enhance Zen’s capabilities in pilot training and simulation solutions, expanding its presence in the aviation sector while ensuring cost-effective, high-quality solutions tailored for modern military aviation needs. As an IP-driven company focused on indigenous innovation, Zen continues to strengthen its position as a self-reliant leader in defense technology.
The MoU between Zen Technologies and TXT Group focuses on the development of advanced pilot training solutions, ranging from Part Task Trainers to Full Flight and Full Mission Simulators. TXT e-Tech, a leader in software development for fixed and rotary-wing pilot training, will bring its extensive experience to address the growing demand for flight simulation training among armed forces, complementing Zen’s R&D expertise in cutting-edge simulation systems. Zen’s capabilities in display projection, digital imagery, electronic, mechanical and system integrator competencies will be combined with TXT e-tech and PACE’s aerospace competencies in development, integration and certification of software solutions for aircraft simulation devices.
Zen Technologies is a pioneer in the design, development and manufacture of world class, state-of-the-art training simulators.
