Latest news with #ForeignCurrencyConvertibleBonds
Mint
10 hours ago
- Business
- Mint
Small-cap stock below ₹50 hits upper circuit following stock market rally
Stock Market Today: Small-cap stock below ₹ 50 hits upper circuit following stock market rally. Small-cap stock below ₹ 50 Sampre Nutrition announced its plans for a strategic fundraising initiative to drive growth and expansion. As per Sampre Nutrition media release highlights, the board is to consider multiple fundraising paths, including QIP, preferential issue, and others The company is expected to host a Board of Directors meeting soon to allow shareholders to review and approve plans for raising money through the issuing of suitable securities, as was communicated to the BSE earlier this year. Leading candy manufacturer Sampre Nutritions Ltd. has suggested a fund-raising campaign using a variety of strategies, including preferential issuance. The objective is to strengthen the company's financial structure and support its ongoing expansion and diversification efforts. Sampre Nutritions management in a statement, said that "This is an important step in our journey as we explore ways to expand operations, extend market penetration, and invest in long-term growth. The fundraising initiative highlights our commitment towards building a stronger, more resilient future at Sampre Nutritions Limited" As part of the process, the Board will also consider convening an Extraordinary General Meeting (EGM) or initiating a postal ballot to seek shareholder approval A year back, in the month of April 2024, the company successfully allotted 17 lakh equity shares at ₹ 36 each following the conversion of warrants issued on a preferential basis. The Board also had approved the conversion of 85 Foreign Currency Convertible Bonds (FCCBs), which were initially issued on June 28, 2024, into equity shares on October 14, 2024. Small-cap stock below ₹ 50: Sampre Nutrition share price opened at ₹ 30.60, 2% higher than the previous day's closing price of ₹ 30. Since ₹ 30.60 was the upper price band, the Sampre Nutrition share price was locked in an upper circuit.
Mint
11 hours ago
- Business
- Mint
Small-cap stock below ₹50 hits upper circuit following stock market rally
Stock Market Today: Small-cap stock below ₹50 hits upper circuit following stock market rally. Small-cap stock below ₹50 Sampre Nutrition announced its plans for a strategic fundraising initiative to drive growth and expansion. Small-cap stock below ₹ 50 Sampre Nutrition—Fundraising Plans As per Sampre Nutrition media release highlights, the board is to consider multiple fundraising paths, including QIP, preferential issue, and others The company is expected to host a Board of Directors meeting soon to allow shareholders to review and approve plans for raising money through the issuing of suitable securities, as was communicated to the BSE earlier this year. Leading candy manufacturer Sampre Nutritions Ltd. has suggested a fund-raising campaign using a variety of strategies, including preferential issuance. The objective is to strengthen the company's financial structure and support its ongoing expansion and diversification efforts. Sampre Nutritions management in a statement, said that "This is an important step in our journey as we explore ways to expand operations, extend market penetration, and invest in long-term growth. The fundraising initiative highlights our commitment towards building a stronger, more resilient future at Sampre Nutritions Limited" As part of the process, the Board will also consider convening an Extraordinary General Meeting (EGM) or initiating a postal ballot to seek shareholder approval Small-cap stock below ₹ 50 Sampre Nutrition—Earlier Fundraising Exercises A year back, in the month of April 2024, the company successfully allotted 17 lakh equity shares at ₹36 each following the conversion of warrants issued on a preferential basis. The Board also had approved the conversion of 85 Foreign Currency Convertible Bonds (FCCBs), which were initially issued on June 28, 2024, into equity shares on October 14, 2024. Small-cap stock below ₹ 50 Sampre Nutrition—share price movement Small-cap stock below ₹50: Sampre Nutrition share price opened at ₹30.60, 2% higher than the previous day's closing price of ₹30. Since ₹30.60 was the upper price band, the Sampre Nutrition share price was locked in an upper circuit.
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.
