Magellanic Cloud Ltd - Board Meeting Outcome for Outcome Of Board Meeting Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure
Requirements) (LODR) Regulations, 2015
13 Aug 2024
With reference to the captioned subject, we wish to inform you that the Board of the Directors of the Company
at their meeting held today i.e. August 13, 2024 has considered and approved to raise additional capital to the
extent of Rs. 500 crores through issue of one or more instruments including Equity Shares, Convertible or Non-
Convertible Securities of any description or Warrants or Debt Securities, through Preferential Issue, Private
Placements, Rights Issue or any other methods or combination thereof as may be permitted under applicable
laws, subject to such regulatory/statutory approvals as may be required including the approval of the
shareholders of the Company.
Please note that the Board Meeting commenced today at 12:00 P.M. and concluded at 12:30 P.M.
The above intimation is given to you for your record, Kindly take the note of the same.
Source:
BSE India