New Delhi, June 29 -- Small-cap stock Blue Cloud Softech Solution fell as much as 9.42% to Rs.16.51 apiece on BSE despite the company announcing its empanelment by Bharat Sanchar Nigam Ltd (BSNL) as a Category III Captive Non-Public Network (CNPN) provider.

Blue Cloud Softech Solutions share price opened at Rs.20.10 apiece today, as compared to previous close of Rs.21.03 on Thursday last week.

In a regulatory filing, the company said it has signed a formal agreement with BSNL, allowing the two to collaborate on the planning, design, deployment, commissioning and maintenance of captive private network solutions for enterprise customers across India. The agreement will remain valid for 60 months, subject to its terms and conditions.

The ...