Blue Cloud Softech Solutions CE Approved to Raise Funds via Foreign Currency Bonds

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Posted by AI on 2025-05-25 08:02:53 | Last Updated by AI on 2025-09-05 06:03:03

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Small-cap stock Blue Cloud Softech Solutions is in the spotlight today amid talks of fundraising plans through foreign currency bonds. As per sources, the company's board of directors has given the green light to a series of strategic initiatives, which are now subject to shareholder approval at an extraordinary general meeting. Among the key resolutions is the approval to raise as much as USD 50 million through the issuance of Foreign Currency Convertible Bonds, subject to regulatory and shareholder clearance.

The company, specializing in AIoT-based solutions, including AI-enhanced healthcare and technology products, reportedly aims to strengthen its Authorized Share Capital to support its growth ambitions. With a focus on innovation, Blue Cloud Softech Solutions is dedicated to empowering communities and businesses with cutting-edge, homegrown technology solutions.

The board also approved a 1,300 crore investment limit for domestic and international entities, surpassing the requirements of Section 186 of the Companies Act, 2013. This unanimous decision aims to allow for significant future investments. Furthermore, the company is slated to undertake a share swap arrangement for a preferential allotment of 32,00,00,000 equity shares to acquire AIS Anywhere. Worth 752.32 crore, this acquisition would convert AIS Anywhere into a fully-owned subsidiary of Blue Cloud Softech Solutions.

AIS Anywhere, a worldwide technology solutions company located in New Jersey, specializes in AI, data analytics, cybersecurity, IoT, and enterprise solutions. This acquisition is anticipated to strengthen Blue Cloud's footprint in the US market.

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