Zen Technologies agreed to acquire 51.98 per cent of Indian defence-software developer Cogknit Semantics for up to 1.3515 billion rupees in cash. The deal combines existing shares and new preference shares, giving Zen the right to nominate a majority of directors. Completion is planned by 13 December, or a later agreed date, subject to contractual conditions.
Zen Technologies, an Indian defence-technology company, announced agreements to acquire 51.98 per cent of Cogknit Semantics. Its board approved the deal on 17 October. Completion depends on contractual conditions. The cash consideration cannot exceed 1.3515 billion rupees. The transaction combines a purchase of existing ordinary shares with subscription to new preference shares that must convert into equity.[1], [2]
Cogknit is a privately held Indian company registered in Bengaluru, Karnataka. It develops artificial-intelligence-based battlefield-management and situational-awareness systems for armed forces. Zen says that work complements its defence-training, simulation and anti-drone operations. Cogknit’s turnover was 4.8 million rupees in fiscal 2025–26, after 7.8 million and 22.4 million rupees in the preceding two fiscal years.[1]
The shareholders’ agreement gives Zen the right to nominate a majority of directors and covers special voting provisions, securities transfers, pre-emptive rights and information and inspection rights. Cogknit becomes its subsidiary when the deal completes. Closing is planned by 13 December or a later mutually agreed date. Zen says the acquisition is not a related-party transaction and requires no governmental or regulatory approval.[1]
