IT Penny Stock Under Rs 20: Company to finalise acquisition outside India & Raising of funds by way of issuance of FCCBs
The stock is up by 27.2 per cent from its 52-week low of Rs 14.95 per share.
On Friday, the shares of Blue Cloud Softech Solutions Ltd hit 2 per cent upper circuit to Rs 19.01 per share from its previous closing of Rs 18.64 per share. The stock’s 52-week high is Rs 130.50 per share and its 52-week low is Rs 14.95 per share. The stock is up by 27.2 per cent from its 52-week low of Rs 14.95 per share.
Blue Cloud Softech Solutions Limited informed you that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, May 23, 2025 at 04.00 PM inter alia to consider the following:
- To finalise acquisition outside India, either through cash or swap of equity shares or a combination thereof.
- Raising of funds by way of issuance of Foreign Currency Convertible Bonds (FCCBs) subject to regulatory and other approvals, as may be required.
- A notice convening a general meeting / postal ballot process to seek the shareholders' approval of the aforesaid proposal will be shared separately.
- Any other business with the permission of the chair.
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About the Company
Headquartered in Hyderabad, Telangana, Blue Cloud Softech Solutions Limited (BCSSL) is a pioneering provider of AIoT-based solutions specialising in AI-driven healthcare and technology products. With a steadfast commitment to innovation, BCSSL empowers businesses and communities alike by delivering cutting-edge, indigenous technology solutions that drive measurable transformation.
According to Quarterly Results, the company reported net sales of Rs 235.27 crore in Q3FY25 and net profit increased by 131 per cent to Rs 9.40 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 112 per cent to Rs 613.24 crore and net profit increased by 316 per cent to Rs 31.23 crore in 9MFY25 compared to 9MFY24.
Shares of Blue Cloud Softech Solutions Limited ex-traded stock split in the ratio 2:1, i.e., sub-division of equity shares of the company having a Face Value of Rs 2 each (fully paid-up) into one equity share of face value of Re 1 each (fully paid-up). The ex-date for the stock split was Monday, January 20, 2025. The company has a market cap of Rs 829.40 crore with a 3-year stock price CAGR of 40 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.