Economic Laws Practice (ELP) advised the lead managers Motilal Oswal Investment Advisors Limited, ICICI Securities Limited and Nuvama Wealth Management Limited in connection with the qualified institutions placement of Zen Technologies Limited

Economic Laws Practice (ELP) advised the lead managers Motilal Oswal Investment Advisors Limited, ICICI Securities Limited and Nuvama Wealth Management Limited in connection with the qualified institutions placement of 62,46,096 equity shares of the Company aggregating to Rs. 1,000 crore. The Company is a provider of defense simulation training equipment and counter-drone solutions. The proceeds of this issue would be used by the Company to explore inorganic growth opportunities and fund its working capital requirements.

ELP’s team was led by Geeta Dhania (Partner) and assisted by Abhishek Gupta, Vedaarth Uberoi and Shreeya Srungarapu (Associates).