Acquiring Company
Magellanic Cloud Limited
Acquired Company
MCRAY XTEND INDIA PRIVATE LIMITED
IndiaInformation TechnologySoftwareManufacturingDescription
Magellanic Cloud Limited has acquired a 60% shareholding in MCRAY XTEND INDIA PRIVATE LIMITED, making it a subsidiary. The transaction involves the purchase of 600,000 equity shares as part of a strategic expansion in UAV technology. This move aligns with the company's plans to enhance its role in defense technology development in India. Regulatory approvals will be sought to complete the acquisition.
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M&A Insights
Based on deal dataFrequently asked
Who acquired MCRAY XTEND INDIA PRIVATE LIMITED?
MCRAY XTEND INDIA PRIVATE LIMITED was acquired by Magellanic Cloud Limited. The deal was reported on August 21, 2026. Magellanic Cloud Limited (“MCloud”) is a leading provider of innovative technology solutions, engaging in software development, digital transformation, DevOps space, and human capital businesses. Magellanic Cloud Limited is privately held and operates in Information Technology.
When did Magellanic Cloud Limited acquire MCRAY XTEND INDIA PRIVATE LIMITED?
Magellanic Cloud Limited's acquisition of MCRAY XTEND INDIA PRIVATE LIMITED was reported on August 21, 2026. Magellanic Cloud Limited has acquired a 60% shareholding in MCRAY XTEND INDIA PRIVATE LIMITED, making it a subsidiary. The transaction involves the purchase of 600,000 equity shares as part of a strategic expansion in UAV technology. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does MCRAY XTEND INDIA PRIVATE LIMITED do?
MCRAY XTEND INDIA PRIVATE LIMITED is a Special Purpose Vehicle focused on UAV technology and defense solutions. It was established as a joint initiative to develop and commercialize UAV and related technologies. It is privately held, operating in Manufacturing, and is based in India.
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