Market Performance
Blue Cloud Softech Solutions' share price continued its upward streak on Monday despite the broader sell-off in Indian equities.
- The stock hit the 2% upper circuit at ₹32.14 on the BSE.
- This marks the 14th consecutive session of hitting the upper circuit.
- In the last 32 trading sessions, the company's shares were locked in the upper circuit 29 times.
At 11:05 AM, Blue Cloud Softech stock was still locked at ₹32.14.
Main News
The current surge in share price follows the announcement of the company's Extraordinary General Meeting (EGM), scheduled for Thursday, 10 July 2025, to finalize a special resolution.
The agenda: approval of a significant acquisition deal involving a global technology firm, AIS Anywhere.
Company Details
Blue Cloud Softech Solutions is gearing up for a strategic acquisition of AIS Anywhere, valued at ₹730 Crore. Notably, this deal will be completed entirely through a share swap, with no cash component involved.
Key details of the acquisition:
- Total Shares Issued: 31.68 Crore new equity shares
- Share Price for Swap: ₹23 per share
- Total Stake Acquired: 100% in AIS Anywhere
Distribution of Shares:
- Janaki Yarlagadda (Promoter): 14 Crore shares
- Siraj Holdings LLC: 17 Crore shares
- Other Minor Stakeholders: Remaining shares
Upon completion and shareholder approval, Blue Cloud will officially become the holding company of AIS Anywhere.
There will be no change in management or operational control; however, the deal will result in a significant shift in the company's shareholding pattern.
Revenue Details
- AIS Anywhere has generated over $220 million in revenue over the last three years, demonstrating its robust global presence and operational strength.
Summary of the Article
Blue Cloud Softech Solutions' share price remains on a bullish trajectory, having been locked at the upper circuit for the 14th consecutive session.
The rally is being supported by market enthusiasm around its proposed ₹730 Crore acquisition of AIS Anywhere through a share swap arrangement.
The upcoming EGM on 10 July 2025 is a key date when shareholders will vote on this transformational deal.
With over 435% gains in five years, Blue Cloud continues to attract attention despite recent YTD and 1-year declines.
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