Axiscades Technologies inches up on getting nod for 100% acquisition of EPCOGEN
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Axiscades Technologies is currently trading at Rs. 558.00, up by 1.35 points or 0.24% from its previous closing of Rs. 556.65 on the BSE.
The scrip opened at Rs. 568.00 and has touched a high and low of Rs. 568.00 and Rs. 553.30 respectively. So far 258 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 602.00 on 17-Aug-2023 and a 52 week low of Rs. 162.40 on 17-Oct-2022.
Last one week high and low of the scrip stood at Rs. 582.90 and Rs. 525.00 respectively. The current market cap of the company is Rs. 2140.71 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 received approval from board of directors for 100% acquisition of EPCOGEN, a niche solutions provider focused on engineering design and solutions for energy space. Acquisition will be the next steppingstone in energy vertical for the Company. Coat of acquisition is Rs 26.25 crore plus 3 years earnout of Rs 7 crore based on performance ending FY26. The Board of Directors of the company at its meeting held on October 12, 2023 considered and 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.
