Magellanic Cloud Details Allocation of Funds from Preferential Issue, Outlining Key Projects and Investments
Magellanic Cloud Limited has provided a detailed clarification regarding the utilization of funds generated through its preferential issue involving 3,69,28,573 Equity Shares and 12,67,00,000 Convertible Warrants. This update pertains to the objects of the issuance, which were refined following observations received from Stock Exchanges concerning a proposed strategic initiative.The company confirmed that one specific object of the issue was updated. The prior scope regarding utilizing proceeds for strategic acquisitions, technology acquisitions, investments, joint ventures, purchase of businesses, assets, intellectual...