Zen Technologies Limited has made an acquisition of a 51.98% stake on a fully diluted basis in Cogknit Semantics Private Limited.

JSA Advocates and Solicitors advised Zen Technologies on this acquisition.

The transaction was led by Sidharrth Shankar (Partner), with support from Nandini Seth (Partner), Karan Vermani (Counsel), Eksha Narayan (Senior Associate) and Rahul Nayyar (Associate) on the mergers and acquisitions aspects.

The finance team comprised Karan Mitroo (Partner) and Samarth Sharma (Principal Associate).

Aditya Vardhan Dayal (Partner) and Pranav Rao N (Senior Associate), provided structuring and regulatory advise.

The acquisition is subject to the fulfilment of conditions set out in the transaction documents.

Cogknit develops artificial intelligence-based battlefield management and situational-awareness systems for the armed forces.

The acquisition expands Zen’s defence portfolio into battlefield management systems, strengthening its presence in the defence and internal security sector.

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