Latest news with #ExtraOrdinaryGeneral
Mint
3 days 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
3 days 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.
Mint
23-06-2025
- Business
- Mint
IT stock below ₹50 jumps despite weak trends on Dalal Street
Stock Market Today: IT stock below ₹ 50 gained during the intraday trades on Monday, despite weak trends on Dalal Street. Check for special business update clarifications provided by Blue Cloud Softech Solutions Ltd Blue Cloud Softech Solutions is to hold an extra Ordinary General Meeting on the 27th day of June 2025 at 4 PM through OAVM/VC. In the context of the same, company submitted a Corrigendum to the Notice of the Extraordinary General Meeting. In its release on the Exchanges it said that the Notice dated 23RD MAY, 2025, for convening the Extra Ordinary General Meeting has been sent to the shareholders. Blue Cloud Softech Solutions giving certain clarifications said that certain Resolutions are to be considered to be part of the Notice of EGM served and to be numbered as mentioned herein below and item no. 6 and its explanation in explanatory statement of the original be considered and treated as 8. Under the special resolutions company said that Item No 6. is to approve borrowing limits of the company under section 180 (1)(C) Of the companies Act. Further Item No.7 is to approve creation of charge of movable and immovable properties of the company both present and the future, in respect of the borrowing under section 180(1)(A) of the companies Act, 2013. IT stock below ₹ 50- Blue Cloud Softech Solutions share price movement Blue Cloud Softech Solutions share price opened at ₹ 28.01 on the BSE on Monday. The Blue Cloud Softech Solutions share price at the time of opening was lower than the previous days closing price of ₹ 28.56. The Blue Cloud Softech Solutions share price thereafter gained and rose to intraday highs of ₹ 29.13 which meant about 2% gains during the intraday trades. Blue Cloud Softech Solutions share price continued trading at similar level since RS 29.13 was the upper price band of the Blue Cloud Softech Solutions share price. Thus Blue Cloud Softech Solutions share price was locked in the upper circuit and alco ended the day at same leve;. Meanwhile the BSE Sensex that was trading weak, dipped more than 1% during the intraday trades and closed with 0.6% losses.\
Mint
23-06-2025
- Business
- Mint
IT stock below ₹50 jumps despite weak trends on Dalal Street
Stock Market Today: IT stock below ₹ 50 gained during the intraday trades on Monday, despite weak trends on Dalal Street. Check for special business update clarifications provided by Blue Cloud Softech Solutions Ltd Blue Cloud Softech Solutions is to hold an extra Ordinary General Meeting on the 27th day of June 2025 at 4 PM through OAVM/VC. In the context of the same, company submitted a Corrigendum to the Notice of the Extraordinary General Meeting. In its release on the Exchanges it said that the Notice dated 23RD MAY, 2025, for convening the Extra Ordinary General Meeting has been sent to the shareholders. Blue Cloud Softech Solutions giving certain clarifications said that certain Resolutions are to be considered to be part of the Notice of EGM served and to be numbered as mentioned herein below and item no. 6 and its explanation in explanatory statement of the original be considered and treated as 8. Under the special resolutions company said that Item No 6. is to approve borrowing limits of the company under section 180 (1)(C) Of the companies Act. Further Item No.7 is to approve creation of charge of movable and immovable properties of the company both present and the future, in respect of the borrowing under section 180(1)(A) of the companies Act, 2013. IT stock below ₹ 50- Blue Cloud Softech Solutions Special business clarifications
Scotsman
03-06-2025
- Business
- Scotsman
Hearts name the date for EGM to approve Tony Bloom's £10m investment deal
Tynecastle will host a vote on the Brighton and Hove Albion chairman's plans Sign up to our Hearts newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Hearts have named the date for an Extra Ordinary General Meeting of shareholders to vote on Tony Bloom's proposed £9.86m investment. The club will stage the meeting in Tynecastle Park's Gorgie Suite at 5pm on Wednesday, 18 June, after Foundation of Hearts members voted 98.5 per cent in favour of Bloom's plan. The Foundation held a consultation and a vote last month and 6,208 of their 8,000-plus subscribers responded. Of those, 6,112 backed Bloom getting involved in Hearts, with 96 voting against. The Brighton and Hove Albion chairman stands to gain a 29 per cent stake in the Edinburgh club, which would involve the alloting of new shares. Importantly, Bloom's shares would not carry voting rights. Hearts will now hold an EGM for shareholders to officially approve the investment. More to follow....
