Acquisitions17 Jun 2026, 04:50 pm
Blue Cloud Softech Allots 17 Cr Shares in Share Swap Acquisition
AI Summary
Blue Cloud Softech Solutions Ltd has approved the allotment of 17,00,00,000 equity shares on a preferential basis through a share swap. This move is part of acquiring 21,25,00,000 shares of M/s Global Impx Inc. (GIX). In consideration, the company is issuing shares to ConnectM Technology Solutions INC. and AstraBridge Inc., the shareholders of GIX. Following this allotment, M/s Global Impx Inc. will become a wholly-owned subsidiary of Blue Cloud Softech Solutions Ltd, along with its subsidiaries. The shares allotted will be subject to a 6-month lock-in period.
Key Highlights
- Approved allotment of 17 Cr equity shares via preferential issue.
- Acquires 21.25 Cr shares of Global Impx Inc. through share swap.
- Global Impx Inc. to become a wholly-owned subsidiary.
- Allotted shares subject to a 6-month lock-in period.
Price Impact
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