MAGELLANIC CLOUD LTD ACQUIRES 70% STAKE IN SCANDRON PVT LTD
MAGELLANIC CLOUD LTD, a publicly listed company on the Bombay Stock Exchange (BSE), has acquired a 70 per cent stake in Scandron Pvt Ltd, a drone manufacturing company in India. While Magellanic Cloud Ltd will now have majority ownership of the company, the current management team of Scandron will continue to lead the company’s operations and vision.
