The company had registered a net profit of Rs 106.2 crore in the January-M The fair value of these net assets to be retained by BSIL is expected to be around Rs 96.7 crore. The sale deal is subject to the approval of shareholders of Also owing to BSIL’s merger, the depreciation expense was significantly higher. Blue Star Infotech, part of the Rs 600-crore Blue Star Group, is the smallest of the companies on the list in terms of sales. The transaction is subject to the approval of shareholders of BSIL and the merger is subject to the approval of shareholders of BSIL and Blue Star. Part of the well-known Blue Star Group, Blue Star Infotech is a listed company with its global headquarters in Mumbai, India, and with operations in USA, UK, Europe, Malaysia, and Singapore. IT solutions and services provider Blue Star Infotech (BSIL) has acquired Infostack Solutions, a Singapore-based IT professional services company, through its Singapore subsidiary, Blue Star Infotech (Singapore). blue star infotech - good times ahead In a difficult economic environment like the present one, stock selection for investment needs extra care ,especially in the case of small and mid caps.At present there are many challenges for Corporate India like slowing demand,mounting interest burden,sharp fall in Rupee … Over the years, he served on the managing councils of several industry and trade bodies, such as CII, and is the founder and a Past President of the Refrigeration and Air Conditioning Manufacturers’ Association (RAMA). Private Limited is held by Blue Star Infotech Limited.No consideration will be paid by Blue Star Limited in respect of 30,98,025 Equity Shares held by Blue Star Limited in Blue Star Infotech Limited. It will retain a certain amount of cash, tax receivables and fixed assets with a fair value of about Rs 96.7 crore and as part of the transaction, will merge with the parent company. Blue Star Infotech is the IT business of Airconditioning and commercial refrigeration major, Blue Star Limited (Blue Star). Once again the transferee company has changed its name to B.S.I.L. This includes managing Public Relations (PR), Employee and Investor Communications. Blue Star, Blue Star Infotech rally after CCI nod for merger Blue Star Infotech updates on composite scheme of amalgamation Blue Star Infotech standalone net profit declines 99.38% in the December 2015 quarter Blue Star Infotech consolidated net profit declines 94.89% in the December 2015 quarter Its current market capitalisation stands at … Fairness Opinion provider on the swap ratio to Blue Star Limited for merger of Blue Star Infotech with Blue Star Limited: M&A Advisory: n/a : Aug-2015: Advisor to Keimed Private Limited and its Shareholders on divestment of 20% stake to Mitsui & Co., Japan. Ltd. A certificate to this effect has been issued on 13th July, 1998. Blue Star Infotech. 5. The acquisition will expand Infogain’s digital transformation offerings, particularly in the areas of Cloud, mobility, SAP and analytics and add specialized capabilities in the travel/hospitality, high … The brokerage house has ‘Buy’ rating on Blue Star with a target price of Rs 439. Jetta's petrol version launched 71.7 crore for the fourth quarter ended March 31. Air conditioner maker Blue Star has reported a standalone net profit of Rs. (See Regulation 9(4) of the … Blue Star Infotech is a Mumbai-based company founded in 1983. Blue Star Infotech Ltd. Stock Price: Get the latest news & announcements of Blue Star Infotech Ltd., Blue Star Infotech Ltd. Balance Sheet, Blue Star Infotech Ltd. Shareholding pattern, Blue Star Infotech Ltd. Cash Flow, Stock Quotes, Market Cap, Charts, Annual Financial Statements, Dividend, Net Profit Margin, Return on Assets … Blue Star Infotech, a group company hit was up over 9% intra day at Rs.261 levels. Consolidated Financial Performance for Q2FY17. India,;Case No.C-2015/07/290, Koneru Holdings Limited; Case No.C-2015/10/329, Baramati Speciality Steels/Kalyani Investment/KSL Holdings; and Case No.C-2015/10/334, Blue Star Limited/Blue Star Infotech Limited/Blue Star Infotech Business Intelligence and Analytics Private Limited. Both these stocks are up after the company announced yesterday after market hours that the Competition Commission of India (CCI) had approved the scheme of merger of Blue Star Infotech and Blue Star Infotech Business Intelligence & Analytics with Blue Star. Its today's share price is 290.4. The B.S.L. Consequent to the transaction, BSIL will merge with Blue Star. 2001 - Blue Star Infotech has registered a net profit of Rs 31.42 million for the quarter ended Sep 30, 2001 on a total income of Rs 137.95 million. Blue Star Infotech CEO Sunil Bhatia will join Infogain’s management team as its CEO designate, and will take over as CEO of the combined entity on July 1, 2016. Won Special Recognition Awards for managing Blue Star Infotech Ltd.’s communication (internal & external) during merger and integration with Infogain. Company History - Blue Star Infotech 2001 - Blue Star Infotech has registered a net profit of Rs 31.42 million for the quarter ended Sep 30, 2001 on a total income of Rs 137.95 million. business to its wholly owned subsidiary and amalgamating its associate Blue Star Infotech (BSIL) with itself. was incorporated on 4th September, 1997 under the Act, in the name of "My Own Computers Ltd." The transferee Company recently changed its name to Blue Star Infotech Pvt. The company is structured for big things, though. Prashant Kapoor is a world-renowned astrologer practicing the divine science Astrology since more than two decades. Private Equity Advisory: Undisclosed : May-2015: Restructuring of … Blue Star Info buys Infostack. Blue Star Infotech, which is listed on the Indian stock market, is the IT arm of air-conditioning and commercial refrigeration company Blue Star. Due to the merger of Blue Star Infotech Limited (BSIL) and its subsidiary, Blue Star Infotech Business Intelligence & Analytics Private Limited (BSIBIA) with Blue Star Limited as well as the re-organisation of Blue Star Limited and its wholly-owned subsidiaries in FY16, … List of BSE and NSE listed Software Companies: 3i Infotech Accel Frontline Acropetal Technologies Aftek Aptech Blue Star Infotech Bodhtree CMC Limited Datamatics Global Services Financial Technologies Geometric Limited GSS Infotech … It operates in North America, Europe and Southeast Asia, offering software services. Consequent to the transaction, BSIL will merge with Blue Star. Blue Star Infotech Ltd. - (Amalgamated) was incorporated in the year 1997. The combined entity will have revenue of over $150 million, close to 4,000 employees and multiple global delivery centres, BSIL said in a BSE filing. For Blue Star and Blue Star Infotech, he conceived and completed several corporate acquisitions. NEW DELHI: Blue Star Infotech Ltd today said Infogain Inc, a ChrysCapital portfolio company, will acquire its IT business for Rs 180.80 crore. See Blue Star Infotech's revenue, employees, and funding info on Owler, the world’s largest community-based business insights platform. Mr. Prashant Kapoor is one of the most famous astrologer in India and overseas and currently residing in Delhi NCR having his registered company in Noida, Uttar Pradesh, India. Post Amalgamation total Share Capital of Blue Star Limited will be Rs 1,906.55 lacs and promoters holding of Equity Shares will be … The fair value of these net assets to be retained by BSIL is expected to be around Rs 96.7 crore. Moreover, the proposed merger with Blue Star Infotech will provide cash influx and strengthen the balance sheet. *Part of Core team to drive Merger & Acquisition Activities - $ 63 M Investment from VC - Acquisition of Blue Star Infotech - Integration of Blue Star Infotech with Infogain *Instrumental in 18%+ CAGR in last 4+ years in the current organization *A Strategic mind set with strong planning, analytic, decision-making skills. The transaction is subject to the approval of shareholders of BSIL and the merger is subject to the approval of shareholders of BSIL and Blue Star. There was net exceptional income of Rs48cr arising from profit on sale of IT business of BSIL, as well as cost update on major contracts. Blue Star Infotech plans delivery centre in US Mid-size IT solutions company Blue Star Infotech is planning to set up a delivery centre in the US. This effect has been issued on 13th July, 1998 strengthen the balance sheet at Rs.261 levels company. 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