Axiscades Technologies532395Acquisition deal news
Axiscades: XIDA Inc. to acquire ITSJ Group's business assets for up to US$ 7.0 million (approx. ₹ 67.02 crore)
By ScoutQuest · · 1 min read
0.6%Seller/promoter stake in XIDA Inc. on issue
- Aggregate Consideration
- aggregate not exceeding US$ 7.0 million (approx. ₹ 67.02 crore)
- Cash at Completion
- US$ 2.5 million cash at completion
- Restricted Shares and Earn-out
- US$ 2.5 million in restricted XIDA shares, up to US$ 2.0 million performance-linked cash earn-out
- Target
- ITSJ Group, Inc.
- Transaction
- Acquisition (business asset purchase by step-down subsidiary XIDA Inc.)
Axiscades: XIDA Inc. to acquire ITSJ Group's business assets for up to US$ 7.0 million (approx. ₹ 67.02 crore).
Board approval
Asset Purchase Agreement execution expected
Completion expected, on or before
Also from Axiscades Technologies
Axiscades incorporates wholly-owned subsidiary Xponential Space, subscribing to 10,000 equity shares of Rs. 10 each
17 Oct 2026
Board approves appointment of Uttam Kumar Bhageria as CFO-Designate; Shashidhar SK to superannuate
16 Oct 2026
Completed acquisition of 100% of Ulosia Holding AG; it is now a wholly-owned subsidiary
14 Oct 2026
More numbers
- Aggregate consideration (maximum)US$ 7.0 million
- Aggregate consideration (rupee equivalent)₹ 67.02 crore
- Guaranteed considerationUS$ 5.0 million
- Cash at completionUS$ 2.5 million
- Restricted shares of XIDA Inc. issuedUS$ 2.5 million
- Performance-linked earn-out (maximum)US$ 2.0 million
- ITSJ revenue CY2025 (US$)US$ 3.47 million
- ITSJ revenue CY2025 (rupee equivalent)₹ 33.22 crore
- Seller/promoter stake in XIDA Inc. on issueapproximately 0.60%
- Restricted share vesting period30 months
Source: BSE · 14 Oct 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.