Announced Thu, 18 Jun · 10:23 IST
Non-promoter acquires 2.42% stake in Magellanic Cloud via open market
MCLOUD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.5%1-day move
₹27.88
prior close
₹27.89
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.1-0.0+0.2+5.5+3.8+0.6+0.1-3.0+9.6+5.7+2.8——
Up moveDown movePending
AI summary
Sanjay M. Chauhan, a non-promoter, bought 14,28,120 shares (2.42%) of Magellanic Cloud Ltd via open market on 16/06/2026. This triggered a SEBI SAST Regulation 29(1) disclosure, which applies to creeping acquisitions between 2% and 5% by non-promoters. The company has about 58.9 crore total shares. Post-acquisition, the acquirer holds 2.42% stake.
Likely market impact
Non-promoter buying 2.42% signals creeping acquisition toward 5% takeover threshold. Watch for further purchases.