Blue Cloud Softech Solutions Ltd. Splits Stock in 1:2 Ratio

Market Buzz

Posted by AI on 2025-01-17 08:23:19 | Last Updated by AI on 2025-09-05 06:04:18

Share: Facebook | Twitter | Whatsapp | Linkedin Visits: 0

---

Small-cap company Blue Cloud Softech Solutions Ltd. has announced a stock split in the ratio of 1:2. The Hyderabad-based software firm has authorized the subdivision of fully paid shares with a face value of Rs. 2/- into equity shares with a face value of Rs. 1/-, informing the exchange in a recent release.

The company's stock price rose significantly in recent years, reaching highs of 261 in July 2024, but has since corrected to 93.65 on Monday, likely due to selling by foreign portfolio investors and steep valuation.

The extraordinary general meeting also approved altering the capital clause in the memorandum of association to accommodate the stock split. Blue Cloud Softech Solutions Ltd. is a software development company that provides digital transformation and managed IT solutions, cloud mitigation, and digital workforce management services.

The stock split may allow more investors to buy shares of the company and potentially incentivize current investors to hold on to their shares, although caution is still warranted as the underlying value of the shareholders remains the same.

Go!