Latest news with #ForeignCurrencyConvertibleBonds
Mint
25-05-2025
- Business
- Mint
Small-cap stock under ₹50 in focus after fundraise move via foreign currency bonds
Small-cap stock Blue Cloud Softech Solutions will be on focus on Monday's session following a fundraise move through foreign currency bonds by the board. Blue Cloud Softech Solutions Limited board of directors has green-lit several important strategic initiatives, which are now subject to approval by shareholders at an upcoming extraordinary general meeting. The board has approved a strategy to raise as much as USD 50 million through the issuance of Foreign Currency Convertible Bonds, pending both regulatory and shareholder clearance. One key resolution entails raising the company's Authorised Share Capital from ₹ 63,00,00,000 to ₹ 80,00,00,000, structured into 80,00,00,000 equity shares at Re 1 each. This increase in capital is intended to support the company's growth ambitions. In addition, the board has also given the go-ahead for an investment limit of up to ₹ 1,300 crore for investments in both domestic and international entities. This limit, surpassing the requirements outlined in Section 186 of the Companies Act, 2013, was unanimously approved to enable significant future investments. Moreover, the board has unanimously agreed to a Preferential Allotment of 32,00,00,000 equity shares in a share swap arrangement to acquire AIS Anywhere. This tactical acquisition, worth ₹ 752.32 crore, will result in Blue Cloud Softech Solutions distributing 5 shares for every share of AIS Anywhere, effectively converting AIS Anywhere into a fully-owned subsidiary. The takeover of AIS Anywhere, a worldwide technology solutions company located in New Jersey specializing in AI, data analytics, cybersecurity, IoT, and enterprise solutions, is anticipated to significantly strengthen Blue Cloud's foothold in the US market. Blue Cloud Softech Solutions, based in Hyderabad, Telangana, is a leading provider of AIoT-based solutions focused on AI-enhanced healthcare and technology products. With a strong dedication to innovation, BCSSL enables both businesses and communities by offering state-of-the-art, homegrown technology solutions that facilitate significant transformation. Since April 6, 2016, Blue Cloud Softech Solutions has executed a split of its face value two times. The most recent split occurred in 2025, reducing the face value of its shares from ₹ 2 to Re 1. According to the share started trading on an ex-split basis from January 20, 2025. On Friday, Blue Cloud Softech Solutions share price ended 2% higher at ₹ 20.09 apiece on the BSE.
Mint
25-05-2025
- Business
- Mint
Small-cap stock under ₹50 in focus after fundraise move via foreign currency bonds
Small-cap stock Blue Cloud Softech Solutions will be on focus on Monday's session following a fundraise move through foreign currency bonds by the board. Blue Cloud Softech Solutions Limited board of directors has green-lit several important strategic initiatives, which are now subject to approval by shareholders at an upcoming extraordinary general meeting. The board has approved a strategy to raise as much as USD 50 million through the issuance of Foreign Currency Convertible Bonds, pending both regulatory and shareholder clearance. One key resolution entails raising the company's Authorised Share Capital from ₹ 63,00,00,000 to ₹ 80,00,00,000, structured into 80,00,00,000 equity shares at Re 1 each. This increase in capital is intended to support the company's growth ambitions. In addition, the board has also given the go-ahead for an investment limit of up to ₹ 1,300 crore for investments in both domestic and international entities. This limit, surpassing the requirements outlined in Section 186 of the Companies Act, 2013, was unanimously approved to enable significant future investments. Moreover, the board has unanimously agreed to a Preferential Allotment of 32,00,00,000 equity shares in a share swap arrangement to acquire AIS Anywhere. This tactical acquisition, worth ₹ 752.32 crore, will result in Blue Cloud Softech Solutions distributing 5 shares for every share of AIS Anywhere, effectively converting AIS Anywhere into a fully-owned subsidiary. The takeover of AIS Anywhere, a worldwide technology solutions company located in New Jersey specializing in AI, data analytics, cybersecurity, IoT, and enterprise solutions, is anticipated to significantly strengthen Blue Cloud's foothold in the US market. Blue Cloud Softech Solutions, based in Hyderabad, Telangana, is a leading provider of AIoT-based solutions focused on AI-enhanced healthcare and technology products. With a strong dedication to innovation, BCSSL enables both businesses and communities by offering state-of-the-art, homegrown technology solutions that facilitate significant transformation. Since April 6, 2016, Blue Cloud Softech Solutions has executed a split of its face value two times. The most recent split occurred in 2025, reducing the face value of its shares from ₹ 2 to Re 1. According to the share started trading on an ex-split basis from January 20, 2025. On Friday, Blue Cloud Softech Solutions share price ended 2% higher at ₹ 20.09 apiece on the BSE. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Mint
24-05-2025
- Business
- Mint
650% rally in five years! Small-cap multibagger stock in focus after issuance of foreign currency bonds
Kellton Tech Solutions share price is expected to remain in focus on Monday after the company announced the issuance of foreign currency bonds. The company's board of directors has approved the allotment of the Foreign Currency Convertible Bonds (FCCBs) worth $10 million to eligible investors. The Security Issuance Committee of the Board of Directors of the Company, at its meeting held on May 23, has approved the allotment of 10,000 FCCBs with a face value of $1,000 per bond, aggregating to a total of $10,000,000, Kellton Tech Solutions said in a regulatory filing. The bonds carry a coupon rate of 6.5% per annum and have a tenure of 10 years, maturing in 2035. The initial conversion price has been set at ₹ 106 per equity share, it added. Kellton Tech Solutions share price has gained 2% in one month, but the small-cap stock has fallen 25% on a year-to-date (YTD) basis. Over the past six months, Kellton Tech Solutions shares have declined 17%. Despite the recent weakness, Kellton Tech Solutions shares have delivered multibagger returns in the long term. The smallcap stock has rallied 93% in two years and has jumped more than 650% in the past five years. On Friday, Kellton Tech Solutions share price ended 0.30% higher at ₹ 117.25 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
19-05-2025
- Business
- India.com
This company defies IT stocks slump, gains amid this update
सेफ इंवेस्टमेंट का भी करें इंतजाम Shares of Kellton Tech Solutions, an IT consulting firm, traded in the green on Monday despite broader weakness in the information technology sector, which weighed down benchmark indices Sensex and Nifty. The stock opened higher at Rs 118.70 on the National Stock Exchange (NSE), up from the previous close of Rs 117.98, and climbed further to touch an intraday high of Rs 120.30. At last check, it was trading at Rs 119.33, marking a gain of about 1.14 per cent. This performance stands out as most IT stocks traded lower, with the Nifty IT index slipping more than 1%. Over on the BSE, Kellton Tech opened at Rs 119.40 and peaked at Rs 120.35 during intraday trading. The stock has a 52-week high of Rs 184.30 and a 52-week low of Rs 85.10, with a current market capitalization of approximately Rs 1,164 crore. The upward momentum comes after the company's board approved the issuance of $10 million in Foreign Currency Convertible Bonds (FCCBs). These will be 6.5% senior unsecured bonds, maturing in 2035, with a minimum conversion price of ₹106 per share. The bonds will be issued internationally, as detailed in an exchange filing. In terms of performance, Kellton Tech has delivered a multibagger return of 100.50 per cent over the past two years, and 22.86 per cent over the past year, though it has corrected by 23 per cent in 2025 so far. Meanwhile, the broader market showed weakness. The Sensex dropped 214.59 points to 82,116, while the Nifty slipped 54 points to 24,965.80 in early trade. Major IT stocks such as Infosys, TCS, HCL Tech, and Tech Mahindra were among the top losers, while NTPC, Asian Paints, Bajaj Finance, and Hindustan Unilever managed to gain. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng were trading lower. US markets ended in the positive territory on Friday. Global oil benchmark Brent crude dipped 0.37 per cent to USD 65.17 a barrel.
Mint
18-05-2025
- Business
- Mint
Small-cap IT stock below ₹20 sets board meeting date to declare fundraise
Small-cap IT stock: Blue Cloud Softech Solutions Ltd announced that the company's board of directors will meet on Friday, 23 May 2025, at 4 p.m. to discuss many aspects, including the approval of a fundraiser, according to the exchange filing. According to the filing data, the company will finalise an acquisition move outside India either through 'cash or swap of equity shares' or a combination of both. Along with the acquisition move, the company's board will also approve a fundraiser involving the issuance of foreign currency convertible bonds (FCCBs). The board may also discuss any other topic of business after the chairman's permission. 'Raising of funds by way of issuance of Foreign Currency Convertible Bonds (FCCBs) subject to regulatory and other approvals, as may be required,' said the company in the BSE filing. Blue Cloud Softech Solutions shares closed 1.98 per cent higher at ₹ 19.01 after Friday's market close, compared to ₹ 18.64 at the previous stock market session. The company announced the fundraising development after the market operating hours on 16 May 2025. Blue Cloud Softech shares have given stock market investors more than 233 per cent returns on their investments in the last five years. However, the shares have lost a little over 48 per cent in the last one-year period. On a year-to-date (YTD) basis, the stock has lost 61.23 per cent in 2025, but is trading 23.12 per cent higher in the last one-month period. The shares hit their 52-week high levels at ₹ 130.50 on July 29, 2024, while the 52-week low levels were at ₹ 14.95 on April 17, 2025, according to data collected from the BSE website. The shares are currently trading marginally above their year-low levels. The software products firm's market capitalisation (M-Cap) was at ₹ 829.37 crore as of the stock market close on Friday, 16 May 2025. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
