AXISCADES Technologies Limited (BSE:532395) agreed to acquire remaining 24% stake in Cades Studec Technologies (India) Private Limited from STUDEC SAS for $1.5 million on March 16, 2026. A cash consideration of $1.5 million will be paid by AXISCADES Technologies Limited. Upon completion, AXISCADES Technologies Limited will own 100% stake in Cades Studec Technologies (India) Private Limited.

For the period ending March 31, 2025, Cades Studec Technologies (India) Private Limited reported total revenue of approximately $2.32 million (INR 198.49 million)

The deal has been approved by the board of AXISCADES. The proposed transaction is subject to completion of conditions precedent and pre-closing actions and is expected to be completed by June 2026.