Magellanic Cloud Limited — Board Meeting, 12-05-2025: Outcome of Board Meeting

Magellanic Cloud Limited has announced a board meeting approving the acquisition of 100% equity in fintech firm Finoux Solutions Pvt Ltd, which posted provisional FY25 revenue of ₹28.35 Cr and net profit of ₹0.82 Cr. The deal will be structured with 80% share swap and 20% cash, totaling about ₹43.8 Cr. To support this, the company plans a preferential issue of 46.72 lakh shares at ₹75 each, raising ₹35.04 Cr from Finoux’s promoters. Shareholder approval will be sought via an Extraordinary General Meeting.