Web Exclusive: Axis IT&T to acquire Cades Digitech

Raghuvir Badrinath / Bangalore September 04, 2009, 10:58 IST Axis IT&T, a public held engineering software services firm owned by Rajya Sabha MP Rajeev Chandrasekhar, is understood to have signed an agreement to acquire Bangalore-based Cades Digitech, a niche product design and engineering software services firm. Industry sources close to Axis detail that the transaction is valued at close to Rs 75 crore. Axis is understood to be acquiring a 51 per cent control initially and will subsequently increase its stake to 100 per cent based on certain milestones. Cades provides product design, Engineering and R&D services to aerospace, defense, automotive, transportation & energy sectors and has Infosys co-founder N S Raghavan's private equity fund as one of its major investors. Cades has more than 60 customers including the global clients like EADS / Airbus, Boeing, Fokker, Nissan, Volvo and Mercedes Benz. The Cades team has Product Design & Development expertise that includes Design, Analysis, Simulation, Multi-body Dynamics, Virtual Prototyping & Testing, Manufacturing Engineering, Product Data Management and Technical Documentation. Industry estimates indicate that Cades has a topline close to Rs 50 crore and has projected to grow by around 20 per cent during 2009-10. AXIS-IT&T is an engineering design service provider, with over twenty years experience in delivering Product Design, 3D Modelling, Detailing and Assembly, Finite Element Analysis, Reverse Engineering and Conversion of legacy drawings. With the move to acquire Cades, Axis gets niche expertise in aviation product design lifecycle Axis IT&T is part of Rajeev Chandrasekhar's Jupiter Aviation which is working on building the entire value chain for aviation industry. Right from designing software for the aviation industry, Jupiter Aviation is putting through the links for aircraft maintenance, repair and overhaul, training and also building a aviation SEZ and an airport at Hassan district of Karnataka.

एनएसई ने दस कंपनियों पर लगाया प्रतिबंध

Sep 05, 02:23 pm मुंबई। नेशनल स्टाक एक्सचेंज [एनएसई] ने 10 कंपनियों पर शेयर बाजार में कारोबार करने पर दो माह का प्रतिबंध लगा दिया है। ये प्रतिबंध इन कंपनियों के खिलाफ लंबित शिकायतों के कारण लगाया गया है। एनएसई की ओर से जारी बयान के अनुसार, वत्स कारपोरेशन जिस पर 80 शिकायतें लंबित हैं, सहित कुल 10 कंपनियों पर प्रतिबंध लगाया जा रहा है। बयान में कहा गया है कि 31 अगस्त, 2009 तक दो माह की अवधि के दौरान इन कंपनियों के खिलाफ सबसे ज्यादा शिकायतें लंबित हैं। जिन अन्य कंपनियों पर प्रतिबंध लगाया गया है, उनमें साउंडक्राफ्ट इंडस्ट्रीज [28 शिकायतें], पाल पियाजियो [12], एन्के टेक्सोफूड इंडस्ट्रीज [8], अरिहंत इंडस्ट्रीज [5], पाथेजा फोर्जिग्स एंड आटोपा‌र्ट्स मैन्युफैक्चरर्स [4], इडर इंफोटेक [4], कावेरी साफ्टवेयर इंजीनियरिंग सिस्टम्स [3], लान इसेडा इंडस्ट्रीज [2] और सिन्टिला साफ्टवेयर टेक्नोलाजी [2] शामिल हैं।