ConnectM holds 17.3% stake in Blue Cloud after share exchange for 160,000,000 shares - CNTM News | RalliesConnectM holds 17.3% stake in Blue Cloud after share exchange for 160,000,000 shares
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CNTM• ConnectM takes 17.3% stake in Blue Cloud
- ConnectM took a 17.3% post-issue stake in Blue Cloud via a June 17, 2026 share exchange for 160,000,000 shares.
- The transaction swapped ConnectM’s 94.11% interest in Global Impx for the Blue Cloud equity position.
- Blue Cloud shares closed at INR 24.21 on Aug. 11, up from INR 18.5 at signing on June 2.
- ConnectM’s stake value rose to about USD 40.6 million from about USD 30.4 million, based on cited FX rates.
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