Axiscades Approves Up To ₹200 Crore NCD Raise For Cloud Wave Acquisition

Board approved up to Rs 200 Cr of secured, unlisted NCDs via private placement to fund Cloud Wave acquisition and related expenses; coupon 12.5% p.a. Introduces debt-funded acquisition financing, shifting from the planned divestment-proceeds-led M&A approach without equity dilution. NCDs mature within 60 months, with repayments from month six and broad asset and share security; investor terms and final allotment remain undisclosed.