IT Penny Stock Under Rs 25: Company Approved Rs 752 Crore Acquisition of AIS Anywhere via 32 Crore shares & raised USD 50 Million via Convertible Bonds

The stock is up by 34.4 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 20.09 per share from its previous closing of Rs 19.70 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 34.4 per cent from its 52-week low of Rs 14.95 per share.

Blue Cloud Softech Solutions Limited's Board has approved several significant strategic initiatives, pending shareholder approval at an upcoming Extraordinary General Meeting. A key resolution involves increasing the company's Authorised Share Capital from Rs 63,00,00,000 to Rs 80,00,00,000, which will be divided into 80,00,00,000 equity shares of Re 1 each. This capital increase aims to support the company's growth objectives. Additionally, the Board has sanctioned an investment limit of up to Rs 1,300 crore for investments in Indian and/or overseas entities. This limit, exceeding the stipulations of Section 186 of the Companies Act, 2013, was unanimously approved to facilitate substantial future investments.

Furthermore, the Board has unanimously approved a Preferential Allotment of 32,00,00,000 equity shares as part of a share swap deal to acquire AIS Anywhere. This strategic acquisition, valued at Rs 752.32 crore, will result in Blue Cloud Softech Solutions issuing 5 shares for every 1 share of AIS Anywhere, making AIS Anywhere a wholly-owned subsidiary. The acquisition of AIS Anywhere, a New Jersey-based global technology solutions provider specialising in AI, data analytics, cybersecurity, IoT, and enterprise solutions, is set to significantly expand Blue Cloud's footprint in the US market. The Board also approved a plan to raise up to USD 50 million through the issuance of Foreign Currency Convertible Bonds, subject to regulatory and shareholder approvals.

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 876.5 crore with a 3-year stock price CAGR of 40 per cent.

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