Blue Cloud Softech Solutions Ltd

🔍 Blue Cloud Softech Solutions: Ownership Transition & Open Offer Recap

- Open Offer concluded on 25 Aug 2023 for 3.51 crore shares (100% public holding).

- Offer price: ₹3 per share (face value ₹2).

- Total consideration: ₹10.53 crore.

- New promoters (ITTB group) hold 7.42 crore shares (34.02% stake post-offer).

- Outgoing promoters Duranta Power & Newton Power fully exited by 22 May 2026.

- ITTB's financials (Feb 2023): ₹8.67 crore income, ₹84.84 lakh profit.

- Acquirer group ownership: Janaki Yarlagadda (50%), Hari Babu Maradani & Janardhana Sarma (25% each).

- Blue Cloud's paid-up capital: ₹11.62 crore.

- Compliance with SEBI LODR Regulations confirmed.