Divestment12 Jun 2026, 03:08 pm
Axiscades Technologies Approves Transfer of Engineering Services Business
AI Summary
Axiscades Technologies Limited (ATL) announced that its Board of Directors has approved the transfer of its 'Engineering Services' business in the Aerospace industry to Akkodis Group AG and its subsidiary Akkodis India Private Limited. This transaction involves internal carve-outs and transfers to newly incorporated or acquired subsidiaries across India, Switzerland, France, Canada, the UK, the US, and Germany. ATL will phase-wise divest its entire shareholding in these material transferee subsidiaries to Akkodis Group. The company also noted that AXISCADES Inc. is no longer a material subsidiary based on FY25-26 audited financials. The Board meeting took place on June 12, 2026.
Key Highlights
- Board approved transfer of Aerospace Engineering Services business to Akkodis Group.
- Transaction involves setting up new subsidiaries in multiple jurisdictions.
- ATL will phase out its shareholding in the transferee subsidiaries.
- AXISCADES Inc. no longer qualifies as a material subsidiary.
Price Impact
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