Axiscades Technologies rises on acquiring 99.99% stake in EPCOGEN
Axiscades Technologies is currently trading at Rs. 541.95, up by 6.20 points or 1.16% from its previous closing of Rs. 535.75 on the BSE.
The scrip opened at Rs. 550.00 and has touched a high and low of Rs. 550.00 and Rs. 538.00 respectively. So far 871 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 607.75 on 23-Nov-2023 and a 52 week low of Rs. 248.20 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 560.00 and Rs. 532.00 respectively. The current market cap of the company is Rs. 2060.33 crore.
The promoters holding in the company stood at 65.74%, while Institutions and Non-Institutions held 0.08% and 34.18% respectively.
Axiscades Technologies has acquired 99.99% stake (outstanding 1 share set to be extinguished in accordance with the provisions of the applicable laws) in EPCOGEN on December 5, 2023, upon payment of fixed consideration of Rs 26.25 crore, in accordance with the Definitive Agreements. Subsequently, EPCOGEN has become a Subsidiary of the Company.
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
