Latest news with #AISAnywhere
Mint
10 hours ago
- Business
- Mint
Multibagger small-cap stock under ₹50 jumps despite sell-off in Indian stock market
Blue Cloud Softech Solutions share price hit upper circuit for the fourteenth straight session on Monday led by strong buying momentum. The small-cap stock was locked in at 2% upper circuit at ₹ at ₹ 32.14 apiece on the BSE. Blue Cloud Softech Solutions shares hit upper circuits in 29 of the past 32 consecutive sessions. The gains in Blue Cloud Softech Solutions shares came after the company announced the date for its Extra Ordinary General Meeting (EGM) to approve the special resolution for the acquisition of global technology firm AIS Anywhere. Blue Cloud Softech Solutions EGM will be held on Thursday, 10 July 2025, through a Video Conference. The Board of Directors of Blue Cloud Softech Solutions had earlier approved the strategic acquisition of AIS Anywhere for ₹ 730 crore. The proposed transaction will be executed entirely through a share swap arrangement, with no cash component. Under the agreement, Blue Cloud would issue 31.68 crore new equity shares priced at ₹ 23 each to acquire 100% stake in AIS Anywhere. AIS Anywhere promoter Janaki Yarlagadda will receive 14 crore Blue Cloud shares, while Siraj Holdings LLC, another significant stakeholder in AIS Anywhere, will receive 17 crore shares. The remaining shares will go to other minor stakeholders. Following shareholder approval in the EGM scheduled on 10 July, Blue Cloud will become the holding company of AIS Anywhere. However, the transaction will not result in a change in management or control of AIS Anywhere, but will significantly alter the shareholding structure of the company. AIS Anywhere generated over $220 million in revenue over the past three years. The acquisition of shares is likely to be completed within 12 months from the date of execution of the agreements, Blue Cloud Softech Solutions said. Blue Cloud Softech Solutions share price has rallied 45% in one month, and more than 82% in the past three months. The smallcap stock has fallen 34% on a year-to-date (YTD) basis, while it is down 70% in one year. However, Blue Cloud share price has delivered multibagger returns of 435% in the past five years. At 11:05 AM, Blue Cloud share price was still locked at 2% upper circuit of ₹ 32.14 apiece on the BSE.
Mint
13 hours ago
- Business
- Mint
Multibagger small-cap stock under ₹50 jumps despite sell-off in Indian stock market
Blue Cloud Softech Solutions share price hit upper circuit for the fourteenth straight session on Monday led by strong buying momentum. The small-cap stock was locked in at 2% upper circuit at ₹ at ₹ 32.14 apiece on the BSE. Blue Cloud Softech Solutions shares hit upper circuits in 29 of the past 32 consecutive sessions. The gains in Blue Cloud Softech Solutions shares came after the company announced the date for its Extra Ordinary General Meeting (EGM) to approve the special resolution for the acquisition of global technology firm AIS Anywhere. Blue Cloud Softech Solutions EGM will be held on Thursday, 10 July 2025, through a Video Conference. The Board of Directors of Blue Cloud Softech Solutions had earlier approved the strategic acquisition of AIS Anywhere for ₹ 730 crore. The proposed transaction will be executed entirely through a share swap arrangement, with no cash component. Under the agreement, Blue Cloud would issue 31.68 crore new equity shares priced at ₹ 23 each to acquire 100% stake in AIS Anywhere. AIS Anywhere promoter Janaki Yarlagadda will receive 14 crore Blue Cloud shares, while Siraj Holdings LLC, another significant stakeholder in AIS Anywhere, will receive 17 crore shares. The remaining shares will go to other minor stakeholders. Following shareholder approval in the EGM scheduled on 10 July, Blue Cloud will become the holding company of AIS Anywhere. However, the transaction will not result in a change in management or control of AIS Anywhere, but will significantly alter the shareholding structure of the company. AIS Anywhere generated over $220 million in revenue over the past three years. The acquisition of shares is likely to be completed within 12 months from the date of execution of the agreements, Blue Cloud Softech Solutions said. Blue Cloud Softech Solutions share price has rallied 45% in one month, and more than 82% in the past three months. The smallcap stock has fallen 34% on a year-to-date (YTD) basis, while it is down 70% in one year. However, Blue Cloud share price has delivered multibagger returns of 435% in the past five years. At 11:05 AM, Blue Cloud share price was still locked at 2% upper circuit of ₹ 32.14 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
a day ago
- Business
- India.com
Stock of THIS company in focus as company shares detail about new deal
शेयर बाजार भी पाकिस्तान से कई गुना बड़ा IT stock Blue Cloud Softech Solutions Ltd will be in focus on Monday as the company shared some information related to the new purchase with the exchanges. On Friday, the company's shares closed at ₹ 31.51 per share. Blue Cloud Softech Solutions Limited said that it is going to buy a global tech company named AIS Anywhere. For this, the company will issue about 31.68 crore new shares. The price of each share has been kept at around Rs 23. Blue Cloud said that this deal will not be done in cash but will be completed by exchanging shares for shares. This means that the owners of AIS Anywhere will get new shares of Blue Cloud. AIS Anywhere: Let us tell you that AIS Anywhere is a well-known global tech company. This company works in sectors like Artificial Intelligence (AI), Data Analytics, Cyber Security and Internet of Things (IoT). In the last three years, this company has done a business of more than $ 220 million. Blue Cloud said that around 14 crore shares will be given to AIS Anywhere's promoter Mrs. Janaki Yarlagadda. Whereas Siraj Holdings LLC will get around 17 crore shares. The company says that this will definitely change the shareholding pattern but there will be no change in control or management. The company has placed this proposal in the Extra Ordinary General Meeting (EGM) to be held on 10 July 2025. This deal will be completed only after getting the approval of the shareholders in this meeting. The company said that following the approval of shareholders, it will acquire 100% stake in AIS Anywhere and will become the holding company of AIS Anywhere. Blue Cloud's Statement: Blue Cloud said that this deal will give the company new strength in the digital sector. The company will be able to strengthen its hold in emerging sectors like artificial intelligence, data analytics, cyber security and IoT. This will further improve Blue Cloud's services and customers will get new facilities. This stock has given a return of 45 percent in the last one month. At the same time, the stock has fallen by 32 percent in the last 6 months and 72 percent in a year. However, the stock has given a return of more than 400 percent in five years.
Mint
16-06-2025
- Business
- Mint
Small-cap stock below ₹50 jumps following relief rally in Indian stock market
Small-cap stock: Shares of Blue Cloud Softech Solutions surged by almost 2% during Monday's trading session, fueled by a relief rally in the Indian stock market. Additionally, the transformation of M/s AIS Anywhere into a wholly owned subsidiary of the company further enhanced the sentiment surrounding this small-cap stock. According to an exchange filing, the board has sanctioned a new relevant date of June 10, 2025, for the arrival of the valuation for SWAP/ISSUE, having passed a unanimous resolution to issue 31,68,00,000 equity shares on a preferential basis. This involves the company acquiring 6,40,00,000 shares of M/s AIS Anywhere in exchange for the issuance of 31,68,00,000 equity shares through a share swap to Mrs. Janaki Yarlagadda (in her capacity as Promoter) and M/s Siraj Holding LLC (acting as Non-Promoter/Public). According to the valuation report from Registered Valuer A.N Gawade and the pricing determined by the board of directors with the approval of the Committee of Independent Directors, 4.95 equity shares of Blue Cloud will be allocated for each individual share of M/s AIS Anywhere. The company noted that this resolution is contingent upon the approval from shareholders at an Extraordinary General Meeting, which must be passed through a Special Resolution. AIS Anywhere, based in New Jersey, is a global provider of technology solutions committed to helping organizations not only navigate but also thrive in the ever-changing and sometimes disruptive environment of the digital era. This acquisition is strategically significant and is expected to create growth opportunities aligned with horizontal business expansion and increased revenue. As a result, the company can enhance its presence in the US market. The share acquisition is anticipated to be finalised within 12 months following the execution of the agreements. The total acquisition cost amounts to ₹ 730,54,08,000, said the company in an exchange filing. Blue Cloud Softech Solutions share price today opened at ₹ 26.41 apiece on the BSE. Over the last week, the stock increased by 8.06%. It has surged by 13.40% over the last three months but has declined by -63.40% over the past year.
Mint
16-06-2025
- Business
- Mint
Small-cap stock below ₹50 jumps following relief rally in Indian stock market
Small-cap stock: Shares of Blue Cloud Softech Solutions surged by almost 2% during Monday's trading session, fueled by a relief rally in the Indian stock market. Additionally, the transformation of M/s AIS Anywhere into a wholly owned subsidiary of the company further enhanced the sentiment surrounding this small-cap stock. According to an exchange filing, the board has sanctioned a new relevant date of June 10, 2025, for the arrival of the valuation for SWAP/ISSUE, having passed a unanimous resolution to issue 31,68,00,000 equity shares on a preferential basis. This involves the company acquiring 6,40,00,000 shares of M/s AIS Anywhere in exchange for the issuance of 31,68,00,000 equity shares through a share swap to Mrs. Janaki Yarlagadda (in her capacity as Promoter) and M/s Siraj Holding LLC (acting as Non-Promoter/Public). According to the valuation report from Registered Valuer A.N Gawade and the pricing determined by the board of directors with the approval of the Committee of Independent Directors, 4.95 equity shares of Blue Cloud will be allocated for each individual share of M/s AIS Anywhere. The company noted that this resolution is contingent upon the approval from shareholders at an Extraordinary General Meeting, which must be passed through a Special Resolution. AIS Anywhere, based in New Jersey, is a global provider of technology solutions committed to helping organizations not only navigate but also thrive in the ever-changing and sometimes disruptive environment of the digital era. This acquisition is strategically significant and is expected to create growth opportunities aligned with horizontal business expansion and increased revenue. As a result, the company can enhance its presence in the US market. The share acquisition is anticipated to be finalised within 12 months following the execution of the agreements. The total acquisition cost amounts to ₹ 730,54,08,000, said the company in an exchange filing. Blue Cloud Softech Solutions share price today opened at ₹ 26.41 apiece on the BSE. Over the last week, the stock increased by 8.06%. It has surged by 13.40% over the last three months but has declined by -63.40% over the past year. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
