Acquisition / mergerFiled on BSE ·
AXISCADES Technologies acquires 90% of Cloud Wave and subsidiaries for ₹234 crore
AXISCADES Technologies Ltd · Aerospace & Defense
What the filing says
- AXISCADES acquired 90% shareholding of Cloud Wave Technologies Private Limited on September 10, 2026, for a cash consideration of ₹234 crore, subject to adjustments.
- The acquisition includes indirect control of Cloud Wave’s wholly owned subsidiaries, Protohubs System Solutions Private Limited and Aureate Polymet Private Limited, headquartered in Bengaluru, India.
- Cloud Wave's FY 25-26 audited turnover was ₹107.78 crore; Protohubs and Aureate had turnovers of ₹6.54 crore and ₹6.99 crore respectively, both incorporated in 2025.
Original filing
Announcement under Regulation 30 (LODR)-Updates on Acquisition
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.