The Board approved the revised relevant date 10.06.2025 for arrival of the Valuation for SWAP /ISSUE by passing a unanimous resolution for Issuance of 31,68,00,000 Equity Shares on a Preferential ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Blue Cloud Softech's board approved a share swap deal to acquire US-based tech firm AIS Anywhere as a 100% wholly owned subsidiary. The company will issue 31,68,00,000 equity shares (worth about Rs. 730.54 crore) at Rs. 23.06 per share (Rs. 1 face value + Rs. 22.06 premium) in exchange for 6,40,00,000 shares of AIS Anywhere, implying a swap ratio of 4.95 Blue Cloud shares for every 1 AIS Anywhere share. The shares will be allotted to promoter Mrs. Janaki Yarlagadda (14.10 crore shares) and non-promoter Siraj Holding LLC (17.57 crore shares). Mrs. Yarlagadda currently holds 44.53% in AIS Anywhere, which will become zero post-transaction. AIS Anywhere is a New Jersey-based IT solutions company with turnover of $83.69 million in 2024. The deal is subject to shareholder approval via a special resolution in an EGM.
This is a major acquisition funded entirely through equity dilution, which will significantly increase Blue Cloud's share count and expand its US market presence in AI, cybersecurity, IoT and enterprise solutions. Shareholders should watch for the EGM outcome and any lock-in implications, as the deal is with related parties (promoter) and is being done at a notable premium to face value.