Stock under Rs 30 jumps after preferential allotment of 31,68,00,000 shares; AIS Anywhere becomes wholly owned subsidiary

On Thursday, the shares of Blue Cloud Softech Solutions Ltd jumped over 3 per cent to Rs 25.83 per share from its previous closing of Rs 25.07 per share. The stock’s 52-week high is Rs 66.85 per share and its 52-week low is Rs 14.95 per share.

The Board of Directors of Blue Cloud Softech Solutions Limited (BCSSL), in its meeting held today, has formally approved and completed the preferential allotment of 31,68,00,000 equity shares of Re 1 each, priced at not less than Rs 23.06 per share, following the in-principle approval for a share swap arrangement to acquire AIS Anywhere. This significant transaction resulted in the allotment of 14,10,75,000 shares to Mrs. Janaki Yarlagadda (Promoter) and 17,57,25,000 shares to Siraj Holdings LLC (Non-Promoter). Consequent to the successful execution of this share swap, AIS Anywhere has now become a wholly-owned subsidiary of BCSSL, marking the final step in the company's planned acquisition.

About the Company

Established in 1991, Blue Cloud Softech Solutions Limited (BCSSL) has grown into a premier global provider of AI-driven enterprise solutions and has a presence in over 10 countries. The company focuses on the Defence, cybersecurity and enterprise digital transformation sectors, delivering advanced, secure and scalable solutions tailored to the evolving needs of critical industries. BCSSL remains committed to continuous growth and investing in next-generation platforms to ensure its clients benefit from future-ready operations and trusted technologies.

The stock is up by 73 per cent from its 52-week low of Rs 14.95 per share and has given multibagger returns of over 250 per cent in 3 years. The company's shares have a PE ratio of 20x, an ROE of 45 per cent and an ROCE of 37 per cent. The company has a market cap of over Rs 1,100 crore.

Disclaimer: The article is for informational purposes only and not investment advice.