Mumbai, Sept. 7 -- The company will issue unrated, unlisted, secured, redeemable and non-convertible debentures aggregating up to Rs 200 crore. The proceeds will be utilised towards the proposed acquisition of Cloud Wave Technologies, a Bengaluru-based company engaged in the precision engineering and manufacturing industry, as well as for financing related transaction expenses.

The NCDs will have a maturity period of up to 60 months. The debentures will carry an interest rate of 12.50% per annum, payable on a quarterly basis. The issue will also provide for prepayment options for the company and a put option for investors, subject to pre-defined terms and conditions.

Bengaluru-based Axiscades Technologies is an end-to-end technology and...