Blue Star Limited — JV/Acquisition, 19-05-2026: Acquisition

Blue Star Ltd. is set to acquire the remaining 51% stake in its Qatari subsidiary, Blue Star Qatar W.L.L. (BSQ), for a maximum of ₹ 0.50 Cr. This strategic move aims to simplify the ownership structure, making BSQ a wholly-owned subsidiary. Previously, local regulations mandated a Qatari partner, but recent changes now allow 100% foreign ownership. Blue Star already had 95% economic interest and management control, so the acquisition streamlines operations without altering existing control or economic impact. BSQ, which handles mechanical, electrical, and plumbing systems, reported a turnover of QAR 53 million in FY26.