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Prime Focus Limited ( (IN:PFOCUS) ) has shared an update.
Prime Focus Limited has announced the allotment of over 187 million equity shares on a preferential basis, significantly increasing its paid-up equity share capital. This move is part of a strategic acquisition, raising the company’s direct and indirect stake in its subsidiary DNEG to 88.28%. The transaction, involving a share swap and related party approvals, is expected to enhance Prime Focus’s market positioning and operational capabilities within the media and entertainment industry.
More about Prime Focus Limited
Prime Focus Limited operates in the media and entertainment industry, providing services such as visual effects, animation, and post-production. The company focuses on delivering innovative solutions for film, television, and advertising markets.
Average Trading Volume: 498,397
Technical Sentiment Signal: Buy
Current Market Cap: 57.77B INR
Find detailed analytics on PFOCUS stock on TipRanks’ Stock Analysis page.