Stories
Axiscades Tech Shares Soar 10% After Massive ₹741 Crore Block Deal
C
CNBC TV18•29-09-2026, 09:43
Axiscades Tech Shares Soar 10% After Massive ₹741 Crore Block Deal
- •Axiscades Technologies Ltd. shares surged 10% on Tuesday, September 29, following a significant block deal.
- •A total of 40.61 lakh shares, representing 9.5% equity, changed hands at an average price of ₹1,824 per share, totaling ₹741 crore.
- •The identities of the buyers and sellers involved in the large transaction remain undisclosed.
- •Promoter Jupiter Capital Pvt. Ltd. held a 58.04% stake, while public shareholders, including over 43,000 retail investors, owned 41.97% at the end of the June quarter.
- •The company recently announced plans to acquire a 90% stake in Cloud Wave for approximately ₹254 crore and secured an order from DRDO's R&DE (engineers) for a mobile mast system in May.
Key Questions Answered
Shares of Axiscades Technologies Ltd. surged 10% following a large block deal transaction where 40.61 lakh shares, representing 9.5% equity, changed hands at an average price of ₹1,824 per share.
At the close of the June quarter, promoter Jupiter Capital Pvt. Ltd. held a 58.04% stake in Axiscades, while public shareholders accounted for 41.97% of the company.
Axiscades announced plans to acquire a 90% stake in Cloud Wave for approximately ₹254 crore with intentions to buy the remaining 10% later, and earlier in May, it secured an order for a mobile mast system from the DRDO's R&DE.
