A meeting of the Board of Directors of Cressanda Solutions Ltd is scheduled to be held on Friday, April 29, 2022, at the registered office of the Company, to discuss, consider and approve the acquisition of Lucida Technologies Private Limited. Cressanda Solutions Limited, a Mumbai based BSE Listed company, has decided today to sign a nondisclosure and a LOI with Bangalore based Lucida Technologies to acquire 100% of the issued and outstanding equity interests of Lucida. Cressanda with an eye to deliver high-end, valued-added services to the global clientele mainly in the USA and the European market, this acquisition will unleash great synergy opportunities to leverage scale and deepen the existing customer relationships with a wider array of technology and services offering. Lucida Technologies is a Bangalore based digital technology company specializes in providing development and support services in Leading edge technologies such as data analytics, artificial intelligence / machine learning (AI/ML), full stack, mobile and Robotic Process Automation (RPA). Lucida caters to multiple clients located in India, Malaysia, Singapore, the USA, the UK, spanning across various domains and industries. Lucida partners with its clients to ideate and develop quality products and solutions that leverage their own industry-domain expertise and marries it to their proven technology capabilities. Lucida has extensive experience in architecting, building, and supporting business critical technology platforms. Shares of CRESSANDA SOLUTIONS LTD. was last trading in BSE at Rs. 35.05 as compared to the previous close of Rs. 33.40. The total number of shares traded during the day was 3623205 in over 22805 trades. The stock hit an intraday high of Rs. 35.05 and intraday low of 34.10. The net turnover during the day was Rs. 126839409.00.

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