Magellanic Cloud Ltd. to Invest in Subsidiary’s Rights Issue
Magellanic Cloud Ltd. announced on March 24, 2026, that its Board of Directors has approved participation in a rights issue by Scandron Private Limited, a subsidiary of the company. The investment will involve subscribing to up to 56,00,000 equity shares with a face value of ₹10 each, at an issue price of ₹100 per share.The total investment amount is capped at ₹56,00,00,000. The specific number of shares and the final investment amount will be determined at the time of subscription, based on commercial considerations and acceptance of the rights issue.
The Board meeting commenced at 3:00 P.M. and concluded at 3:43 P.M.
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