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Standard Chartered Private Equity to invest $35 million in Prime Focus

11 Oct 2012 Evaluate

Standard Chartered Private Equity (Mauritius) III will subscribe to equity shares of Prime Focus (PFL) on preferential basis for an aggregate amount of $35 million at a maximum price of Rs 53 per equity share.

In addition, the company will issue warrants to the promoter Namit Malhotra, representing a right to subscribe to equity shares, for an aggregate amount of Rs 1,040 million on preferential basis. These warrants are convertible into equity shares at a maximum price of Rs 53 per equity share.

The company will convene an Extraordinary Shareholders’ Meeting (EGM) on 3rd November, 2012 to seek shareholders’ approval for these transactions.

Prime Focus is a global visual entertainment services group that provides creative and technical services to the film, broadcast, and advertising market. The group offers a genuine end-to-end solution from pre-production to final delivery including visual effects, 2D to 3D conversion, video and audio post production, equipment hire, multi-platform content operations solutions and digital distribution.

Prime Focus Share Price

301.90 -5.70 (-1.85%)
08-May-2026 16:59 View Price Chart
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