Small-cap stock: Shares of Blue Cloud Softech Solutions surged by almost 2% during Monday’s trading session, fueled by a relief rally in the Indian stock market. Additionally, the transformation of M/s AIS Anywhere into a wholly owned subsidiary of the company further enhanced the sentiment surrounding this small-cap stock.
According to an exchange filing, the board has sanctioned a new relevant date of June 10, 2025, for the arrival of the Valuation for SWAP/ISSUE, having passed a unanimous resolution to issue 31,68,00,000 equity shares on a preferential basis.
This involves the company acquiring 6,40,00,000 shares of M/s AIS Anywhere in exchange for the issuance of 31,68,00,000 equity shares through a share swap to Mrs. Janaki Yarlagadda (in her capacity as Promoter) and M/s Siraj Holding LLC (acting as Non-Promoter/Public).
According to the valuation report from Registered Valuer A.N Gawade and the pricing determined by the board of directors with the approval of the Committee of Independent Directors, 4.95 equity shares of Blue Cloud will be allocated for each individual share of M/s AIS Anywhere.
The company noted that this resolution is contingent upon the approval from shareholders at an Extraordinary General Meeting, which must be passed through a Special Resolution.
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