SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Blue Star gets nod to invest Rs 94.40 crore in Blue Star Climatech

08 Nov 2023 Evaluate

Blue Star has received approval for investment in the equity shares of Blue Star Climatech (BSCL), the wholly owned subsidiary of the company, up to an amount not exceeding Rs 94.40 crore by way of subscription to rights issue up to 9,44,00,000 equity shares of Rs 10 each, at par, in one or more tranches. This investment will help BSCL inter alia in repayment / pre-payment, of certain outstanding borrowings and financing the cost towards its expansion plans. The said transaction is expected to be completed on or before March 31, 2024. The Executive Management Committee of the Board of Directors of the company at their Meeting held on November 8, 2023, has, inter alia, approved the same.  

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.


Blue Star Share Price

1689.55 35.35 (2.14%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Voltas 1315.15
Blue Star 1689.55
Amber Enterprises 7243.50
Bosch Home Comfort 1337.10
EPACK Durable 238.95
View more..
Register Now to get our Free Newsletter & much more!

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×