The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Joseph Sudheer Reddy Thumma
MCLOUD · price
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On the reaction day the stock moved 9.8 pts less than Nifty Microcap 250 and 9.8 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Joseph Sudheer Reddy Thumma, Managing Director and Promoter of Magellanic Cloud Ltd, sold 1,19,50,000 equity shares (2.03% of the company's total share capital) in the open market on November 26, 2025. His holding has come down from 57.84% (3,40,71,360 shares) to 55.81% (3,28,76,360 shares) after this disposal. The total equity share capital of the company remains unchanged at 5,89,06,712 shares of Rs. 2 each. This is a voluntary disclosure filed to comply with SEBI takeover regulations.
The promoter is trimming his stake by selling shares in the open market, which could be seen as a mildly negative signal by retail investors, though the promoter still retains a strong majority holding of 55.81% in the company. The open-market sale may put some short-term pressure on the stock price.