Axiscades Technologies is currently trading at Rs. 340.85, up by 3.80 points or 1.13% from its previous closing of Rs. 337.05 on the BSE.
The scrip opened at Rs. 340.65 and has touched a high and low of Rs. 345.50 and Rs. 337.00 respectively. So far 534 shares were traded on the counter.
The BSE group ‘B’ stock of face value Rs. 5 has touched a 52 week high of Rs. 385.25 on 16-Nov-2022 and a 52 week low of Rs. 108.40 on 21-Jun-2022.
Last one week high and low of the scrip stood at Rs. 353.05 and Rs. 301.00 respectively. The current market cap of the company is Rs. 1308.52 crore.
The promoters holding in the company stood at 66.18%, while Institutions and Non-Institutions held 0.08% and 33.74% respectively.
Axiscades Technologies has received approval from board of directors to raise up to Rs 210 crore through issuance of 21,000 Unrated Unlisted Secured Non-Convertible Debentures (NCDs) bearing a face value of Rs 100,000 each, on private placement basis to refinance the existing debt borrowed for Mistral acquisition. The aforesaid re-financing will bring down the interest cost of the Company by around 400+ basis points per annum. The Board of Directors of the Company at their meeting held on May 06, 2023, has approved the same.
Axiscades Technologies is a holistic technology and engineering solutions provider, with a footprint across the entire product lifecycle management needs of global OEMs and core engineering firms.