Blue Cloud Softech Solutions /
Global Impx Inc.
ConnectM agrees to divest India unit to Blue Cloud
Source for the buyer and target: ConnectM Technology Solutions, Inc.
For the buyer and target.
“Blue Cloud Softech Solutions Ltd. OTC: CNTMD BSE: 539607 ConnectM Agrees to Sell India Business in Transaction Currently Valued at $34.2M ConnectM to divest its 94.11% interest in Global Impx Inc., which holds ConnectM India and Geo Impex, in exchange for shares of Blue Cloud Softech Solutions Ltd., converting a 5.8% revenue segment into a strategic public - company equity position with continued exposure to India market upside.”
Published 5 May 2026
Open the sourceWhat happened
ConnectM Technology Solutions, Inc. has agreed to transfer its 94.1% stake in Global Impx Inc., which holds its India operations and a land asset, to Blue Cloud Softech Solutions Limited in exchange for Blue Cloud shares. The deal is valued at about $34.2 million based on the announced share-swap terms. [01]
Blue Cloud's stockholders approved the transaction on May 4, 2026, but the deal remains subject to regulatory and other approvals. Terms weren't disclosed beyond the share-swap figures. [01]
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ConnectM agrees to divest India unit to Blue Cloud
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“Blue Cloud's stockholders approved the transaction on May 4, 2026, but the deal remains subject to regulatory and other approvals”
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