India's Axiscades Tech rises on buying $24.5 mln stake in precision engineering co
31/08/2026 06:27
BUZZ-India's Axiscades Tech rises on buying $24.5 mln stake in precision engineering co ** Shares of Axiscades Technologies AXIT.NS rise as much as 4.1%; last up 1.3% at 1,615.1 rupees
** Engineering R&D co to acquire 90% stake in Bengaluru-based precision engineering co Cloud Wave Technologies for 2.34 billion rupees ($24.52 million)
** Acquisition is a key inorganic step to target continued expansion into aerospace manufacturing, says AXIT
** YTD, stock up 22.12%
($1 = 95.4400 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru)
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