Blue Cloud Softech Solutions gains on signing MoU with GCIB for Africa
Blue Cloud Softech Solutions is currently trading at Rs. 19.43, up by 0.17 points or 0.88% from its previous closing of Rs. 19.26 on the BSE.
The scrip opened at Rs. 19.51 and has touched a high and low of Rs. 19.73 and Rs. 19.29 respectively. So far 355700 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 38.00 on 06-Nov-2025 and a 52 week low of Rs. 16.32 on 30-Apr-2025.
Last one week high and low of the scrip stood at Rs. 21.01 and Rs. 17.86 respectively. The current market cap of the company is Rs. 1463.24 crore.
The promoters holding in the company stood at 38.44%, while Institutions and Non-Institutions held 13.29% and 48.27% respectively.
Blue Cloud Softech Solutions (BCSSL) has signed Memorandum of Understanding (MoU) with GCIB for Africa (Global Council for Investment and Business for Africa), to collaborate on strategic initiatives with a primary focus on the development of a Digital Factory in Senegal and other technology-driven socio-economic projects in Senegal and other African countries.
The objectives of this MoU are to establish a non-exclusive framework for collaboration between BCSSL and GCIB; explore the formation of a Joint Venture (JV) entity, Special Purpose Vehicle (SPV), or other suitable business collaboration arrangements to execute identified projects in Senegal and other African countries; engage with the Government of Senegal and private stakeholders to develop high-impact, technology-driven infrastructure and services; and contemplate the formation of separate sector-specific SPVs or Joint Ventures covering renewable energy, IT, infrastructure, education, healthcare, and other sectors as mutually agreed.
