Blue Cloud Softech Solutions Limited announced that it expects to receive INR 862.875 million in funding from Nakshatra Tradelink Private Limited, Paramount Incorporation, Wealth 4 U Hospitality Consultancy Private Limited

Blue Cloud Softech Solutions Limited announced a private placement of 29,500,000 convertible pre-paid warrants at a price of INR 29.25 per warrant for the gross proceeds of INR 862,875,000 on June 18, 2024. The transaction has been approved by the shareholders of the company and s subject to approval of shareholders. The warrant exercise price is INR 87.75 per warrant.

The transaction will include participation from new investors Thakkar Nilesh Kumar Farshuram HUF for 1,000,000 warrants, Mitesh Kumar FarshuramThakkar HUF for 1,000,000 warrants, Shailesh Kumar Farshuram Thakkar HUF for 1,000,000 warrants, Thakkar Dharmesh Kumar Bhudarilal HUF for 250,000 warrants, Thakkar Harshil Dharmesh Bhai for 250,000 warrants, Thakkar Kushi Dharmesh Bhai for 250,000 warrants, Wealth 4 u Hospitality Consultancy Private Limited for 200,000 warrants, Bhumika Sumit Desai for 200,000 warrants, Darshan P Desai HUF for 100,000 warrants, Everest Corporation for 2,000,000 warrants, Aditya Enterprise for 2,000,000 warrants, Nakshatra Tradelink Private Limited for 2,000,000 warrants, Paramount Incorporation for 2,000,000 warrants, Snowman Incorporation for 2,000,000 warrants, Zeal Global Opportunities Fund for 5,500,000 warrants, Vijay P Bhandari HUF for 50,000 warrants, Urvi Nimesh Chitalia for 250,000 warrants, Kurjibhai Rupareliya for 1,650,000 warrants, Prachi Rupareliya for 1,650,000 warrants, Lalitaben Rupareliya for 1,600,000 warrants, Niranjan Mundhra for 500,000 warrants, Sanjay Chhabra for 500,000 warrants, Sandeep Chabara for 500,000 warrants, Laksh Chhabra for 500,000 warrants, Kaustubh Chabara for 500,000 warrants, Heena H Mehta for 250,000 warrants, Ami Jasmine Shah for 250,000 warrants, Helly Jasmine Shah for 250,000 warrants, Uma Binani for 250,000 warrants, Harsh Binani HUF for 250,000 warrants, Komal Dhaval Parekh for 150,000 warrants, Abhishek Karnawat for 150,000 warrants, Rohit Karnawat for 150,000 warrants, Kinnari Vikas Shah for 150,000 warrants, Anushka A Chikhale for 100,000 warrant and Varsha Anil Parakh for 100,000 warrants.