AXISCADES to acquire 90% stake in Cloud Wave Technologies for INR 234 Cr

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

AXISCADES · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+4.7%Reaction day

₹1601.90

prior close

₹1635.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.3%+4.4% vs market

Aerospace & Defense peers, median of 25sector-1.5%+6.2% vs sector

On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250 and 6.2 pts more than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.7

10m

-0.3

15m

-0.3

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.7+0.3+4.4-1.5+6.2

Next day

+2.6-0.7+3.3-1.5+4.1

+5.2-1.2+6.4-1.7+6.9

+7.7-0.7+8.3-1.4+9.1

+6.9+0.0+6.9-1.2+8.1

+10.8+0.4+10.4-0.5+11.3

+17.5+0.8+16.7+1.4+16.1

15d

+18.3-0.0+18.4-1.1+19.4

+38.6-0.8+39.4-0.6+39.2

—————

UpDownMarket · Nifty Microcap 250Sector · Aerospace & Defense peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

AXISCADES Technologies board approved acquiring 90% of Cloud Wave Technologies for about INR 234 Cr cash (enterprise value about INR 260 Cr). Remaining 10% may follow later. Cloud Wave is a Bengaluru-based AS9100D-certified precision manufacturing firm with 7 plants and FY26 turnover of INR 107.78 Cr, up from INR 68.25 Cr in FY25. Deal closes by Sept 30, 2026. Not a related-party deal. Strategic move to build aerospace manufacturing capability alongside existing engineering services. Expected to be earnings accretive over medium term.

Likely market impact

Boosts aerospace manufacturing capacity, adds about INR 108 Cr revenue. Expected to be earnings accretive over medium term.