AXISCADES Technologies to acquire remaining 24% stake in Cades Studec for $1.5 million

AXISCADES Technologies has announced the acquisition of the remaining 24% stake in Cades Studec Technologies India Private Limited (CSTI) for a cash consideration of USD 1,500,000. This acquisition will make CSTI a wholly owned subsidiary of AXISCADES.

The acquisition was approved by the Board of Directors on March 16, 2026, and is expected to be completed by June 2026, subject to conditions precedent and pre-closing actions. CSTI, a related party of AXISCADES, specialises in technical documentation solutions for industries such as aerospace, automotive, and renewable energy.

CSTI reported a turnover of ₹19,84,91,166.54 for the fiscal year 2024-25 and has a net worth of ₹28,07,11,801. The company has been a significant player in providing end-to-end technical documentation, with a focus on innovation and industry compliance.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by Markets Desk before publication.