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The latest announcement is out from Prime Focus Limited ( (IN:PFOCUS) ).
Prime Focus Limited’s Board of Directors has approved a series of strategic initiatives aimed at strengthening its financial and operational position. The company plans to issue over 46 million equity shares through a preferential allotment, which includes a share swap with its subsidiary DNEG S.a.r.l. Additionally, the board approved alterations to the articles of association to grant special rights to a proposed allottee and sanctioned material related party transactions involving its subsidiary PF World Limited. These moves are expected to enhance the company’s capital structure and facilitate strategic collaborations, potentially impacting its market positioning and stakeholder interests.
More about Prime Focus Limited
Prime Focus Limited operates in the media and entertainment industry, providing services such as visual effects, post-production, and 3D conversion. The company is known for its innovative solutions and has a significant market presence globally.
Average Trading Volume: 99,830
Current Market Cap: 46.23B INR
Find detailed analytics on PFOCUS stock on TipRanks’ Stock Analysis page.