Blue Cloud Softech Solutions Limited announced a private placement of 7,500,000 convertible pre-paid warrants of INR 3 per warrant for gross proceeds of INR 22,500,000 on December 28, 2021. The warrants will be convertible into 7,50,000 equity shares of INR 10 each and premium of INR 2 per share, each on preferential basis to the persons belonging to the promoter/ promoter group and non-promoter group at the price as determined in accordance with the provision of the Securities and Exchange Board of India Regulations, 2018 as amended from time to time, subject to the approval of members for a period of 18 months from the date of closing. The transaction has been approved by the board of directors of the company and is subject to shareholders approval.