UAE's Siraj Holdings LLC acquired 23.33% stake (17.57 crore shares) in Blue Cloud Softech Solutions Ltd via preferential allotment, infusing ₹175.73 crore. This doubled equity capital to ₹75.31 crore, tied to AIS Anywhere acquisition. Shares in focus amid small-cap IT buzz.
Siraj Holdings LLC, a UAE-based entity, has snapped up a massive 23.33% stake in BSE-listed small-cap IT firm Blue Cloud Softech Solutions Ltd through preferential allotment, pumping in ₹175.73 crore for 17,57,25,000 shares. This fresh investment, not from promoters, catapults the company's equity share capital from ₹43.63 crore to ₹75.31 crore, signaling robust growth ambitions in AI, 5G, and tech expansions.
Key Deal Highlights
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Stake & Investment: 23.33% equity for ₹175.73 Cr; zero prior holding by Siraj.
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Capital Boost: Pre-allotment: ₹43.63 Cr; Post: ₹75.31 Cr total voting capital.
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Strategic Context: Part of 31.68 Cr share swap making AIS Anywhere a wholly-owned subsidiary on Dec 10, 2025.
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Market Buzz: Shares (₹24.17) eyed by investors; mid-range RSI at 53.3 hints neutral momentum post-60% YTD drop.
This FII influx underscores foreign confidence in India's IT small-caps amid expansion plays.
Sources: India TV News, ScanX Trade, Goodreturns.in