Mr. Sanjay M. Chauhan Acquires Shares of Magellanic Cloud Ltd in Open Market Transaction
Mr. Sanjay M. Chauhan has acquired shares of Magellanic Cloud Ltd, which was previously known as South India Projects Limited, through an open market transaction. The acquisition relates to shares carrying voting rights and constitutes a stake of 2.42% in the target company.The details of the acquisition highlight Mr. Chauhan’s interest in Magellanic Cloud Ltd. As reported on June 16, 2026, Mr. Sanjay M. Chauhan acquired 142,812,202.42 shares carrying voting rights through the open market.
Mr. Chauhan was identified as an acquirer and acted as a Person Acting in Concert (PAC). He is not associated with the Promoter group of Magellanic Cloud Ltd. The target company, which is listed on BSE Limited (BSE) and National Stock Exchange of India Limited (NSE), saw its stock acquisition completed through this mechanism.
The transaction provided insight into the capital structure of Magellanic Cloud Ltd both before and after the acquisition.
| Metric | Value Before Acquisition | Value After Acquisition |
|---|---|---|
| Equity Share Capital/ Total Voting Capital (TC) | 589,067,120 | 589,067,120 |
| Shares Carrying Voting Rights Acquired by Acquirer | 142,812,202.42 | N/A |
| Percentage of Diluted Share/Voting Capital | N/A | 2.42% |
The acquisition involved shares carrying voting rights and was conducted exclusively via the open market. The total diluted share or voting capital of Magellanic Cloud Ltd after the said acquisition remained at 589,067,120.
MCLOUD Stock Price Movement
Shares of Magellanic Cloud Limited are edging higher to ₹27.93 as of 11:11 AM today, having gained ₹0.10 or 0.36% in the live market trading session. The equity has seen active movement throughout the morning, with total traded volume currently standing at 5.29 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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