AXISCADES to buy remaining stake in CSTI, make it fully-owned subsidiary

AXISCADES Technologies Limited said its Board of Directors has approved the acquisition of the remaining 24% stake in Cades Studec Technologies India Private Limited (CSTI). The stake comprises 1,50,000 fully paid-up equity shares. Upon completion of the transaction, CSTI will become a wholly-owned subsidiary, with AXISCADES holding 100% of its share capital.

The acquisition will be executed through definitive agreements with STUDEC SAS France. The company stated that the transaction aligns with its strategic intent, considering the business potential of CSTI in the area of Technical Publications. CSTI’s business is in line with the core business of AXISCADES.

The consideration for the acquisition will be in cash. AXISCADES will acquire the 24% stake for USD 1,500,000. The proposed transaction is expected to be completed by June 2026, subject to completion of conditions precedent and pre-closing actions. No governmental or regulatory approvals are required for the acquisition.

CSTI operates in architecture and engineering activities, including technical testing and analysis. The company provides end-to-end technical documentation solutions for global clients across Aerospace, Automotive and Renewable Energy industries. It delivers digital and 3D-based documentation, including interactive maintenance manuals, illustrated parts catalogues, animations and training content.

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CSTI was incorporated on March 20, 2006 and operates in India. Its turnover stood at ₹19,84,91,166.54 in FY25, compared with ₹19,25,02,535.00 in FY24 and ₹16,94,42,978.00 in FY23. The authorised capital is ₹62,50,000 and the paid-up capital is ₹62,50,000.

On the NSE, AXISCADES Technologies Limited shares closed at ₹1,318.60, up ₹2.60 or 0.20%, after trading at ₹1,326.40, up ₹10.40 or 0.79%.