The Board by passing a unanimous resolution approved the Issuance of 32,00,00,000 Equity Shares on a Preferential Basis wherein the company is purchasing 6,40,00,000 shares of M/s AIS Anywhere ....
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Blue Cloud Softech Solutions' board approved acquiring 100% of US-based IT firm AIS Anywhere by issuing 32 crore equity shares through a share swap (5 Blue Cloud shares for every 1 AIS Anywhere share), valuing the deal at Rs. 752.32 crores. AIS Anywhere, which posted $83.69 million revenue in 2024, will become a wholly owned subsidiary, expanding Blue Cloud's US market presence. The board also appointed four senior executives — a Director & Chief Innovation Officer, a Chief Information Security Officer, a Chief Sales Officer, and a Chief Operating Officer. Additionally, the authorised share capital was raised from Rs. 63 crore to Rs. 80 crore, and the company approved raising up to USD 50 million via Foreign Currency Convertible Bonds (FCCBs) in one or more tranches. An investment limit of Rs. 1,300 crores for Indian and overseas entities was also cleared.
This is a major expansion move — adding AIS Anywhere's revenue (~$84M) to Blue Cloud's books, but it also means massive dilution (32 crore new shares for a Rs. 752 crore all-stock deal). Shareholders should watch for EPS dilution, but the deal is strategically aimed at boosting US revenue and operating scale. The senior hires and USD 50M FCCB plan suggest aggressive growth push.