Blue Star invests Rs 49 crore in Blue Star Climatech

27 Sep 2023 Evaluate

Blue Star has invested aggregating to Rs 49 crore in Blue Star Climatech (BSCL), the wholly owned subsidiary of the Company by acquiring 4,90,00,000 equity shares of Rs 10 each at par by way of subscribing to the rights issue of Blue Star Climatech.

Upon successful completion of the qualified institutions placement (QIP) vide the Placement Document dated September 22, 2023, the Company, as a part of the objects of the said QIP, has acquired equity shares in BSCL. 

Blue Star is India’s leading central air-conditioning and commercial refrigeration company fulfilling the cooling requirements and providing end-to-end solutions as a manufacturer, contractor and after-sales service provider to corporate, commercial, institutional and residential customers.


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