Tutis Technologies - Updates

Tutis Technologies Ltd has informed BSE that Basiz Fund Service Pvt Ltd (Basiz), a subsidiary of the Company has executed a term sheet with a very reputed International venture capital fund, which would invest USD 2 million in Basiz through the issue of Fully Convertible Cumulative Preference Shares. The commitment to invest in Basiz is subject to the signing of the definitive agreement.