Axiscades Technologies gets nod to acquire balance 24% stake in CSTI
The proposed transaction is expected to be completed by June 2026, subject to completion of conditions precedent and pre-closing actions
Axiscades Technologies has received approval from Board of Directors for acquisition of the balance 24% stake, comprising 1,50,000 equity shares, in Cades Studec Technologies India (CSTI) from STUDEC SAS France and execution of definitive agreements in this regard. Upon completion of the said acquisition in accordance with terms of the proposed agreement, CSTI will become a wholly owned subsidiary of the Company, owning 100% of the share capital of the Company.
The proposed transaction is expected to be completed by June 2026, subject to completion of conditions precedent and pre-closing actions.
The Board of Directors in its meeting held on March 16, 2026, has approved the same.
Axiscades Technologies is a holistic technology and engineering solutions provider, with a footprint across the entire product lifecycle management needs of global OEMs and core engineering firms.
