Announced Tue, 30 Jun · 11:22 IST
IVIS gets Letter of Intent from Manappuram Finance for AI e-surveillance across 1,000+ branches
Compliance View source PDF
MCLOUD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹28.81
prior close
₹30.18
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.7+0.5+0.2+10.2+10.2+10.0+8.1+6.3+3.8-2.7———
Up moveDown movePending
AI summary
Magellanic Cloud's subsidiary IVIS International received a non-binding Letter of Intent from Manappuram Finance to provide AI-powered e-surveillance across about 1,000+ branches in phases. Scope includes supply, installation, centralized monitoring and maintenance. Final scope, commercials, and timelines depend on definitive agreements and purchase orders.
Likely market impact
Positive sentiment on a new BFSI contract win, but the LOI is non-binding with no confirmed value yet, so watch for follow-up announcements.