AXISCADES moves to 100% ownership of CSTI with fresh stake buy, stock hits 5% roofAXISCADES moves to 100% ownership of CSTI with fresh stake buy, stock hits 5% roof

Introduction

Leading engineering and technology firm acquired the remaining 24% stake in a technical documentation solutions company for USD 1.5 million, making it a wholly owned subsidiary.

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Share price movement of AXISCADES

On March 17, 2026, AXISCADES Technologies Ltd opened at ₹1,328.00, up 0.52% from its previous close of ₹1,321.10. The stock reached a high of ₹1,387.15 (5.00%) and a low of ₹1,321.00 (0.00%). By 11:33 AM, it traded at ₹1,387.15, a 5.00% increase, with a market cap of ₹5,897.80 crore.

AXISCADES Acquires Remaining CSTI Stake

AXISCADES Technologies Limited approved acquiring the remaining 24% stake in Cades Studec Technologies India Private Limited (CSTI) from STUDEC SAS France. The acquisition makes CSTI a wholly owned subsidiary.

The transaction involves 1,50,000 equity shares with a cash consideration of USD 1.5 million. CSTI operates in technical documentation for aerospace, automotive, and renewable energy sectors.

The acquisition aligns with AXISCADES’ business and is expected to complete by June 2026, subject to conditions precedent and pre-closing actions. No regulatory approvals are required for the transaction.

Stock performance of AXISCADES for period of 1 week, 6 months, and 1 year

AXISCADES Technologies Ltd delivered a 1-week return of -10.6%, a 6-month return of -21.3%, and a 1-year return of 51.3%.

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Shareholding pattern of AXISCADES

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	58.10%	58.10%	58.20%
FII	1.50%	2.20%	1.60%
DII	0.90%	1.20%	1.30%
Public	40%	39%	39%

About AXISCADES

AXISCADES Technologies Ltd (NSE: AXISCADES) is a technology solutions company specializing in engineering services and solutions for industries, providing design, consulting, and technical support globally.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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