The Board of Directors of ZEN Technologies Ltd, at their meeting held on 17 March 2018 discussed and approved the fund raising proposal.
In view of various fund raising options submitted, the Board of Directors after due deliberations, decided to form a Committee to evaluate the multiple options presented and finalise the fund raise at the earliest keeping in view of the long term and short term fund requirements of the Company and long term interest of all stakeholders and recommend to the Board for finalizing the same.
The Board also considered and approved formation of a wholly owned subsidiary company by name 'ZEN TECHNOLOGIES USA, INC., in the United States of America.
Shares of ZEN TECHNOLOGIES LTD. was last trading in BSE at Rs.124.7 as compared to the previous close of Rs. 129.55. The total number of shares traded during the day was 26988 in over 321 trades.
The stock hit an intraday high of Rs. 130.4 and intraday low of 124.15. The net turnover during the day was Rs. 3402015.