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Prime Focus Limited ( (IN:PFOCUS) ) just unveiled an announcement.
Prime Focus Limited’s Board of Directors has approved the issuance of over 46 million equity shares on a private placement basis, including a share swap with DNEG S.a.r.l, a subsidiary. This move aims to strengthen its capital structure and enhance its market position. Additionally, the company plans to alter its articles of association to grant special rights to a proposed allottee, approve material related party transactions, and increase investment limits. An Extraordinary General Meeting is scheduled for July 26, 2025, to seek shareholder approval for these initiatives.
More about Prime Focus Limited
Prime Focus Limited operates in the media and entertainment industry, primarily focusing on providing creative and technological services for film, broadcast, and advertising industries. The company is known for its visual effects, stereo conversion, and animation services, catering to a global market.
Average Trading Volume: 99,830
Current Market Cap: 46.23B INR
For an in-depth examination of PFOCUS stock, go to TipRanks’ Overview page.