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Magellanic Cloud Limited has announced a board meeting and an Extraordinary General Meeting through video conferencing to approve acquiring 100% of Finoux Solutions Private Limited via a share swap. The company will issue 46.72 lakh equity shares at Rs. 75 each, totaling Rs. 35.04 Cr, to FSPL’s promoters. Finoux Solutions is a fintech firm serving six global BFSI markets with over 30 million daily users. Post-acquisition, Magellanic Cloud will become FSPL’s holding company, with no change expected in its own management or control.