Small-cap IT stock, May 18 -- Blue Cloud Softech Solutions Ltd announced that the company's board of directors will meet on Friday, 23 May 2025, at 4 p.m. to discuss many aspects, including the approval of a fundraiser, according to the exchange filing.

According to the filing data, the company will finalise an acquisition move outside India either through "cash or swap of equity shares" or a combination of both.

Along with the acquisition move, the company's board will also approve a fundraiser involving the issuance of foreign currency convertible bonds (FCCBs). The board may also discuss any other topic of business after the chairman's permission.

"Raising of funds by way of issuance of Foreign Currency Convertible Bonds (FCCBs) sub...