Magellanic Cloud Allots ₹35.04 Crore Shares for Finoux Solutions Acquisition
Magellanic Cloud allotted 46.72 lakh equity shares worth ₹35.04 crore on a preferential basis to acquire a 100% stake in Finoux Solutions Private Limited.
The acquisition and associated preferential allotment of shares, valued at ₹35.04 crore, significantly alters the company's shareholding structure and represents a major strategic expansion, thus having a high impact.
The preferential allotment of shares for the acquisition of 100% stake in Finoux Solutions Private Limited is a strategic move that expands the company's business operations and market presence.
* Magellanic Cloud Limited's Board of Directors, in a meeting held on November 11, 2025, approved the allotment of 46,72,000 fully paid-up equity shares. * Each share has a face value of ₹2 and an issue price of ₹75, including a premium of ₹73 per share. * The total value of this preferential allotment amounts to ₹35,04,00,000 (₹35.04 crore). * The shares were allotted through a private placement to the promoters of Finoux Solutions Private Limited (FSPL) as consideration for acquiring their 100% stake in FSPL via a share swap. * This transaction was previously approved by shareholders during an Extra Ordinary General Meeting on June 10, 2025. * In-principle approvals were obtained from BSE Limited and National Stock Exchange of India Limited on November 7, 2025. * The allottees include Sanjay Sarkar (15,88,480 shares), Runa Shah (10,74,560 shares), Praveen Nair (10,74,560 shares), and Pankaj Maste (9,34,400 shares), who are categorized as Non-Promoters of Magellanic Cloud but were Promoters of FSPL. * Consequent to this allotment, the company's paid-up equity capital has increased from ₹116,87,90,240 (58,43,95,120 equity shares) to ₹117,81,34,240 (58,90,67,120 equity shares).
What to do with a filing like this
Magellanic Cloud Limited filed this with the NSE as a statutory disclosure, categorised under preferential allotment. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Magellanic Cloud Limited. Read the original for the full detail.