Magellanic Cloud: Intimation Regarding Acquisition

We wish to inform you that the Company has issued a letter of intent to acquire a US Based Software Company at an estimate purchase price of $ 20 Million to $ 25 Million Dollars subject to satisfactory completion of due diligence process and acceptance of terms and conditions stated in the letter of intent issued by the Company.The above intimation is given to you pursuant to Regulation 30 of SEBI (LODR) Regulation 2015