Acquisitions24 Jun 2026, 10:56 am
ConnectM Acquires 17.33% Stake in Blue Cloud Softech via Preferential Allotment
AI Summary
ConnectM Technology Solutions Inc. has acquired a 17.33% stake in Blue Cloud Softech Solutions Limited, representing 16,00,00,000 shares. This acquisition was made through a preferential allotment of equity shares. The transaction is part of a share swap for the acquisition of 100% shareholding in Global Impx Inc (GIX). The disclosure was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The effective date of acquisition is June 17, 2026.
Key Highlights
- ConnectM Technology Solutions Inc. acquired 17.33% stake in Blue Cloud Softech.
- Acquisition was made via preferential allotment of 16,00,00,000 shares.
- Transaction is part of a larger acquisition of Global Impx Inc (GIX).
- Disclosure filed under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- Post-acquisition, Blue Cloud Softech's total equity capital stands at 92,30,81,600 shares.
Price Impact
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