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.
