Axiscades Technologies shines on raising Rs 210 crore via NCDs
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Axiscades Technologies is currently trading at upper limit of Rs. 431.40, up by 20.50 points or 4.99 % from its previous closing of Rs. 410.90 on the BSE.
The scrip opened at Rs. 416.05 and has touched a high and low of Rs. 431.40 and Rs. 416.05 respectively. So far 8304 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 443.85 on 21-Jun-2023 and a 52 week low of Rs. 109.55 on 23-Jun-2022.
Last one week high and low of the scrip stood at Rs. 443.85 and Rs. 393.00 respectively. The current market cap of the company is Rs. 1647.92 crore.
The promoters holding in the company stood at 66.18%, while Institutions and Non-Institutions held 0.08% and 33.74% respectively.
Axiscades Technologies has raised Rs 210 crore through the allotment of 21000 Unlisted Unrated Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 100,000 each on private placement basis. The Capital Raising Committee of the Board of Directors of the Company vide circular resolution dated June 21, 2023 approved the allotment of 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.
