Axiscades to Raise ₹200 Cr via NCDs for Cloud Wave Acquisition

Axiscades Technologies Ltd announced its Board of Directors has approved the fundraising of up to ₹200 crores through the issuance of Unrated, Unlisted, Secured, Redeemable, Non-Convertible Debentures (NCDs) on a private placement basis. The proceeds will be utilized for the acquisition of Cloud Wave Technologies Private Limited, a precision engineering and manufacturing firm, and associated transaction expenses. The NCDs will carry an interest rate of 12.50% per annum, payable quarterly, with a tenure of up to 60 months. Security will be created over the assets of Axiscades Aerospace & Technologies Pvt Ltd, Mistral Solutions Private Limited, and Enertec Controls Ltd.