Press Release - 'Blue Cloud Softech Solutions Limited announces acquisition of 100% equity interest in Global Impex Inc, from Connect M Technology Solutions Inc.'
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Blue Cloud Softech Solutions Ltd has announced a definitive framework to acquire 100% of Global Impex Inc (GIX) from US-listed ConnectM Technology Solutions Inc (OTC: CNTM). GIX houses ConnectM's India operations — electric mobility, rooftop solar, clean energy businesses (CER and CER Rooftop), distributed microgrids, and infrastructure assets, along with exclusive India licenses for technology from ConnectM and its subsidiary Keen Labs. The deal will be an all-equity share swap, with BCSSL issuing new shares to ConnectM as consideration, subject to SEBI, RBI, and Companies Act rules. Both boards have approved proceeding, and the transaction is targeted to close in 6–9 months pending due diligence, definitive agreements, and shareholder and regulatory approvals. The acquisition will form a new 'Blue Energy' vertical within BCSSL covering clean energy, EVs, storage, software, and data services for data centers and industrial clients.
Existing BCSSL shareholders should expect equity dilution because the purchase is entirely funded through new share issuance to ConnectM, though the acquired assets and tech licenses add a new clean-energy vertical and could expand the company's long-term revenue base. The deal is not yet final — completion depends on multiple approvals over the next 6–9 months, so there may be stock volatility on related news flow.