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Prime Focus Limited ( (IN:PFOCUS) ) has issued an announcement.
Prime Focus Limited’s Board of Directors has approved several strategic initiatives, including the issuance of over 46 million equity shares to acquire shares of its subsidiary DNEG S.a.r.l, Luxembourg, through preferential allotment. This move aims to strengthen its market position and enhance shareholder value. Additionally, the company plans to alter its articles of association to grant special rights to certain allottees and has approved related party transactions with its subsidiary PF World Limited. An Extra-Ordinary General Meeting is scheduled for July 26, 2025, to seek shareholder approval for these decisions.
More about Prime Focus Limited
Prime Focus Limited operates in the media and entertainment industry, specializing in visual effects, post-production, and 3D conversion services. The company is known for its innovative solutions and has a significant market presence, focusing on providing high-quality services to film and television industries globally.
Average Trading Volume: 99,830
Current Market Cap: 46.23B INR
Learn more about PFOCUS stock on TipRanks’ Stock Analysis page.