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Blue Cloud Softech's board approved four senior appointments on May 23, 2025: Ravi Janardhanan as Executive Director and Chief Innovation Officer, Ayub Shaik as Chief Information Security Officer, Nadh Thota as Chief Sales Officer, and Mohan Pathalapati as Chief Operating Officer. The board cleared a 100% share-swap acquisition of New Jersey-based AIS Anywhere, issuing 32 crore equity shares at Rs. 23.51 each (Rs. 752.32 crores) to promoter Janaki Yarlagadda and others, making AIS Anywhere a wholly owned subsidiary. AIS Anywhere reported turnover of $83.7 million in 2024. Authorised share capital will be raised from Rs. 63 crores to Rs. 80 crores, and an investment limit of up to Rs. 1,300 crores was approved. The board also cleared fundraising up to USD 50 million via Foreign Currency Convertible Bonds.
Shareholders face significant dilution from the 32 crore preferential shares issued for the acquisition, while gaining a US-focused subsidiary with $83.7 million in revenue. All major decisions require shareholder approval at an upcoming EGM, so investors will have a direct say on the dilution and acquisition.