The Board of Directors of Magellanic Cloud Limited held today, i.e. Thursday, March 02, 2023, at 02.00 p.m. has approved and taken on record that the company has identified a body corporate which is into drone manufacturing business for the acquisition and that the company had formed a committee which is conducting due diligence of the Target Company.
Shares of Magellanic Cloud Ltd was last trading in BSE at Rs. 503.55 as compared to the previous close of Rs. 503.70. The total number of shares traded during the day was 70587 in over 679 trades.
The stock hit an intraday high of Rs. 505.95 and intraday low of 501.00. The net turnover during the day was Rs. 35653102.00.
Source : Equity Bulls
Keywords
MagellanicCloud
INE613C01018
Acquisition
DroneManufacturingBusiness
