Blue Cloud Softech Solutions has announced a strategic partnership with Bharat Sanchar Nigam Limited (BSNL) to become an official partner for 5G Fixed Wireless Access services in Maharashtra and Goa. This collaboration represents a significant milestone for the company as it expands its presence in the telecommunications sector.

Partnership Details

The partnership agreement establishes Blue Cloud Softech Solutions as BSNL's official partner for delivering 5G Fixed Wireless Access technology across the two western Indian states. This collaboration will enable the company to leverage BSNL's telecommunications infrastructure while providing cutting-edge 5G connectivity solutions to customers in Maharashtra and Goa.

Service Offerings

Under this partnership, Blue Cloud Softech Solutions plans to provide high-speed internet services utilizing 5G Fixed Wireless Access technology. This service delivery model will enable customers in Maharashtra and Goa to access advanced internet connectivity solutions through the company's partnership with BSNL's telecommunications network.

Revenue Projections

The partnership is projected to generate revenue of ₹178.00 crore over a two-year period. This revenue target reflects the market opportunity in providing 5G Fixed Wireless Access services across Maharashtra and Goa, two economically important states in western India.

Strategic Significance

This BSNL partnership marks Blue Cloud Softech Solutions' entry into the 5G telecommunications services sector, expanding beyond its traditional IT software operations. The collaboration positions the company to capitalize on the growing demand for high-speed internet connectivity and 5G services in the Indian market.

Blue Cloud Softech Solutions Ltd has announced a major investment from Siraj Holdings LLC, with the UAE-based entity acquiring a substantial 23.33% stake in the company through preferential allotment.

Acquisition Details

Siraj Holdings LLC, which does not belong to the promoter or promoter group, acquired 17,57,25,000 shares of Blue Cloud Softech Solutions. The acquisition was executed through preferential allotment, representing a significant investment of ₹175.73 crores in the IT software company.

Share Capital Impact

The preferential allotment has resulted in a substantial increase in Blue Cloud Softech Solutions' equity share capital. The company's total voting capital expanded significantly following this transaction.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011. Blue Cloud Softech Solutions is listed on BSE Ltd, and the transaction required mandatory disclosure due to the substantial nature of the acquisition exceeding regulatory thresholds.

Investment Significance

Prior to this acquisition, Siraj Holdings LLC held no shares or voting rights in Blue Cloud Softech Solutions. The preferential allotment represents a fresh investment, with the acquirer now holding 17,57,25,000 shares carrying voting rights, constituting 23.33% of both the total share capital and voting capital of the target company.

The transaction documentation was signed in Abu Dhabi, UAE, by authorized signatories of Siraj Holdings LLC, confirming the completion of this significant corporate development for the Indian IT software company.