Prime Focus has just announced that the company will raise Rs 330 crores via issue of equity warrants at a 6 percent premium to market price. This will take the promoter's stake to 40 percent post conversion and the proceeds will be used towards debt reduction. In an interview with CNBC-TV18, Namit Malhotra, Founder, Executive Chairman & Global CEO of the company discussed about the same.
Prime Focus is surging in trade, up over 19 percent. In an interview to CNBC-TV18, Namit Malhotra, Executive Chairman of Prime Focus spoke about the latest happenings and his outlook going ahead.
Nishant Fadia, COO, Prime Focus is very upbeat on growth in FY17 to the tune of 20 percent plus with focus on margin expansion.
Vikas Rathee, group chief financial officer, Prime Focus says the company's depreciation and amortization (D&A) charges were high due to a negative acquisition.
Prime Focus Technologies (PFT) subsidiary of Prime Focus, the visual entertainment services provider has signed a definitive agreement to acquire DAX.
Nishant Fadia, CFO, Prime Focus, says that the company has raised USD 70 million to make FCCB payments which is due tomorrow.
In an interview with CNBC-TV18, Namit Malhotra, MD of Prime Focus said, "It is clearly the most prestigious award for any company worldwide because this is considered to be the most valuable film franchise in the world."