AXISCADES to raise ₹200 Cr via NCDs for Cloud Wave acquisition
AXISCADES Technologies Limited will raise up to ₹200 crores through Non-Convertible Debentures (NCDs) via private placement. The funds will be used to acquire Cloud Wave Technologies Private Limited, which operates in precision engineering and manufacturing. The NCDs will carry an interest rate of 12.50% p.a. and have a tenure of up to 60 months.
The acquisition of Cloud Wave Technologies and the fundraising of ₹200 crores are significant events that could impact the company's growth and financial structure.
The company is raising funds to acquire another business, which is generally a positive sign for growth and expansion.
AXISCADES Technologies Limited announced that its Board of Directors, in a meeting held on September 05, 2026, approved the raising of funds aggregating up to ₹200 crores through the issuance of Unrated, Unlisted, Secured, Redeemable, Non-Convertible Debentures (NCDs) on a private placement basis. The meeting commenced at 11:30 AM IST and concluded at 12:01 PM IST.
The primary purpose of this fundraise is to finance the acquisition of Cloud Wave Technologies Private Limited, a Bengaluru-based company operating in the precision engineering and manufacturing industry, and to cover related transaction expenses. The NCDs will have a face value of ₹100,000 each, carrying an interest rate of 12.50% per annum, payable quarterly. The tenure of the instrument is up to 60 months, with a repayment profile including quarterly repayments starting from the end of 6 months. The NCDs will be secured by a first pari-passu charge over the assets of AXISCADES Aerospace & Technologies Pvt Ltd (ACAT) and Mistral Solutions Private Limited (MSPL), among other securities and corporate guarantees. The issuance is proposed to be unlisted.
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AXISCADES Technologies Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by AXISCADES Technologies Limited. Read the original for the full detail.