AXISCADES Applied sciences inventory surged 10 per cent to hit a 52-week excessive on the NSE, it traded at ₹675 as of 1:40 pm on Friday.
The Bengaluru-based engineering options supplier had lately acquired EPCOGEN Pvt Ltd for ₹26.25 crore, with a further three-year earnout of ₹7 crore primarily based on efficiency.
With this alliance, Axiscades has set its footprint within the vitality sector, fortifying its place within the West Asian and North American markets.
In line with a inventory trade submitting, the board accredited elevating funds by a QIP of an combination quantity not exceeding ₹500 crore in November 2023.
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