Magellanic Cloud Ltd, a publicly listed company on the Bombay Stock Exchange (BSE), has acquired a 70 per cent stake in Scandron Pvt Ltd, a drone manufacturing company in India. While Magellanic Cloud Ltd will now have majority ownership of the company, the current management team of Scandron will continue to lead the company's operations and vision.

The strategic partnership between the two companies is expected to enhance research and development efforts and improve the quality of drone manufacturing in India. Scandron plans to develop indigenous drone and robot technology, which aligns with the government's 'Make in India' initiative and the partnership aims to reduce reliance on imported technology. It will reportedly focus on enhancing drone and robotics performance in industries like aerospace, aviation, logistics, defense and agriculture industries.
 
“The acquisition of a majority stake in Scandron Pvt Ltd by Magellanic Cloud Ltd marks a significant milestone in our efforts to enhance research and development and promote indigenous technology in India. We are excited to partner with the talented team at Magellanic Cloud Limited. Our aim is to support the growth of the Indian technology sector and reduce dependence on imported technology, and we believe that this partnership will enable us to achieve these goals," said Arjun Naik, chief executive officer (CEO) of Scandron. 
 
The range of investment and acquisition costs is undisclosed as of now.