Prime Focus Ltd

Prime Focus Ltd has informed that the Company has executed a term sheet with UTV Software Communications Ltd, wherein the Company has agreed to acquire entire Post Production business ("Business") including all related equipments and business contracts from UTV Software Communications Ltd. In addition, UTV Software Communications Ltd has also agreed to assign / transfer all rights, title, ownership and usage of the brand, mark and related intellectual property right in respect of the brand "USL" in the entire world in perpetuity in favor of the Company. The aforesaid is subject to all regulatory approvals and other approvals.