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Magellanic Cloud acquires 70% stake in Scandron

17 Mar 2023 Evaluate

Magellanic Cloud has acquired 70% stake in Scandron, a company incorporated under the laws of India. The company has acquired stake through Share Purchase Agreement (SPA) by way of cash consideration. Earlier in the same month, the company’s wholly owned subsidiary -- Provigil Surveillance had secured an order to provide end-to-end implementation and management of E-surveillance of ATM sites in 8 geographical circles spread across India.

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Peers
Company Name CMP
TCS 2452.35
Infosys 1128.80
HCL Technologies 1363.15
Wipro 182.35
Tech Mahindra 1765.00
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