Blue Cloud Softech Set to Make Waves: Board Gears Up for Big-Bucks Fundraising and Global Acquisitions

Stocks of Blue Cloud Softech Solutions, a small-cap IT and software services firm with a market cap of below ₹50, are likely to be in the limelight when the markets open. The firm has announced that its board of directors will convene on May 7, 2025, to discuss fund-raising suggestions and possible acquisitions, both domestic and overseas.

 

In its filing of exchange, the Blue Cloud Softech Solutions stated that the board would explore different fund-raising alternatives, such as the issue of equity shares, convertible warrants, preferential allotments, or Qualified Institutional Placements (QIP), subject to regulatory approvals. The company also has the flexibility to seek shareholders' approval by way of extraordinary general meeting or postal ballot if necessary.

 

This strategic growth comes after Blue Cloud Softech secured an export order of $3.2 million to provide its BluHealth Comprehensive Healthcare Platform to a US customer and recently secured a contract with Pinnacle Hospitals India Pvt Ltd for implementing its AI-based Outpatient Management System at their Visakhapatnam facility. Despite these wins, the stock has witnessed huge volatility, declining over 60% in the past year and closing at ₹16.32 per share on Wednesday.

 

Investors and analysts will be waiting to see how the next board meeting turns out since the company is seeking new growth sources in the form of fundraising and acquisitions following the recent plunge in share price.

 

Source: Times Now