Prime Focus to raise Rs 348 crore
Prime Focus will raise Rs 348 crore via issue of securities in domestic as well as overseas markets.
By PTI |
MUMBAI: Prime Focus, a provider of post-production and visual effects services, on Friday said it will raise over Rs 348 crore through the issue of securities in domestic as well as international markets.
The firm intends to mop up Rs 225.56 crore (or 55 million dollar) by issuing Foreign Currency Convertible Bonds (FCCB), Global Depository Receipts (GDRs), preferential shares or any other convertible instruments, it said in a filing to the Bombay Stock Exchange.
Further, it would raise funds to the tune of Rs 123.05 crore (or 30 million dollar) through External Commercial Borrowing (ECB) or any other debt structure.
Prime Focus would convene the Annual General Meeting on September 28 to seek shareholders' approval for the fund-raising proposals.
The company's shares were trading at Rs 851.15, up 0.73 per cent, at the BSE.
The firm intends to mop up Rs 225.56 crore (or 55 million dollar) by issuing Foreign Currency Convertible Bonds (FCCB), Global Depository Receipts (GDRs), preferential shares or any other convertible instruments, it said in a filing to the Bombay Stock Exchange.
Further, it would raise funds to the tune of Rs 123.05 crore (or 30 million dollar) through External Commercial Borrowing (ECB) or any other debt structure.
Prime Focus would convene the Annual General Meeting on September 28 to seek shareholders' approval for the fund-raising proposals.
The company's shares were trading at Rs 851.15, up 0.73 per cent, at the BSE.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
