Healthcare IT Penny Stock Below Rs 30: Board to Acquire AIS Anywhere in Strategic Equity Swap
The stock has given multibagger returns of 111 per cent from its 52-week low of Rs 14.95 per share.
On Friday, the shares of Blue Cloud Softech Solutions Ltd hit a 2 per cent upper circuit to Rs 31.51 per share from its previous closing of Rs 30.90 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.
Blue Cloud Softech Solutions Limited has announced its 2nd Extraordinary General Meeting (EGM) for the fiscal year 2025-26, scheduled for July 10, 2025, at 4:00 PM IST. The primary agenda for this meeting is the proposed acquisition of AIS Anywhere through a swap of equity shares via preferential allotment. The company plans to issue and allot up to 31,68,00,000 equity shares with a face value of Re 1 each, at an issue price of Rs 23.06 per share, including a premium of Rs 22.06. This transaction amounts to Rs 730,54,08,000 and is intended to acquire a 100 per cent stake in AIS Anywhere from its existing shareholders. This strategic move, approved by the Board of Directors, will result in Blue Cloud Softech Solutions Limited becoming the holding company of AIS Anywhere, subject to regulatory approvals.
AIS Anywhere, the target entity, is a New Jersey-based global technology solutions provider focused on enabling organisations to thrive in the digital age. The company offers a comprehensive suite of innovative products and services designed to optimise operational efficiency, fortify security infrastructure and drive sustainable growth. Their expertise spans key technological domains including Artificial Intelligence (AI) for automating processes and deriving insights, Data Analytics for processing and visualising data, Cybersecurity for proactive threat detection and prevention and Internet of Things (IoT) platforms for managing connected devices. AIS Anywhere also provides enterprise solutions like ERP systems and custom application development. With a vision to be a world-leading technology partner, AIS Anywhere aims to create a more connected, secure and efficient future. The company reported turnovers of USD 83.691 million in 2024, USD 72.689 million in 2023 and USD 64.236 million in 2022.
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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 183.62 crore in Q4FY25 and net profit increased by 52 per cent to Rs 13.04 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 59 per cent to Rs 796.86 crore and net profit increased by 175 per cent to Rs 44.27 crore in FY25 compared to FY24.
The stock has given multibagger returns of 111 per cent from its 52-week low of Rs 14.95 per share. 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 1,375 crore.
Disclaimer: The article is for informational purposes only and not investment advice.