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.

Stick with guidance of reducing Rs 200-300 cr debt by FY18-end: Prime Focus

“At the beginning of this fiscal year, what we had guided was that we should have about 10 percent topline growth. We are looking pretty good for that. We should exceed the 10 percent on the topline," Vikas Rathee, Group CFO of Prime Focus told CNBC-TV18.

Will be able to reduce debt to half in near future: Prime Focus

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.

VFX dominating driver for co; aim to pare debt substantially: Prime Foucs

Namit Malhotra, Executive Chairman & Global CEO, Prime Focus said we are delivering on the promises we made in terms of margin expansion and revenue growth across all our businesses.

Will achieve FY17 revenue growth target of 15-20%: Prime Focus

Vikas Rathee, CFO of Prime Focus says the company is leaving some revenue on the side to focus on profitability and driving cash flows.

See 20% plus growth, good order book in FY17: Prime Focus

Nishant Fadia, COO, Prime Focus is very upbeat on growth in FY17 to the tune of 20 percent plus with focus on margin expansion.

Eyeing 20-22% EBITDA in FY16; aim to pare debt: Prime Focus

Vikas Rathee, Group CFO, Prime Focus is very confident of a very strong topline and bottomline performance in FY16. Revenues for the company are likely to be around Rs 1800-2000 crore in FY16and hopes to achieve EBITDA margins in the range of 20-22 percent.

Expect to sustain 20-22% EBITDA margins: Prime Focus

Prime Focus reported net profit at Rs. 20.29 crore in the quarter ended March 2015 as against net loss of Rs. 7.16 crore during the previous quarter ended March 2014.

UK biz a concern; see margins at 26%: Prime Focus

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.

Confident of achieving 20% plus margin in FY16: Prime Focus

The company has already taken significant efforts on the reduction of duplication on the personnel expenses side.

DAX acquisition to boost growth in US market: Prime Focus

Prime Focus Technologies (PFT) subsidiary of Prime Focus, the visual entertainment services provider has signed a definitive agreement to acquire DAX.

New biz contributed nearly 84% to topline: Prime Focus

In an interview with CNBC-TV18‘s Reema Tendulkar and Ekta Batra, Vikas Rathee, Group COO of Prime Focus talks about his Q3 figures and the road map ahead.

Prime Focus raises $70 m to make FCCB payments: CFO

Nishant Fadia, CFO, Prime Focus, says that the company has raised USD 70 million to make FCCB payments which is due tomorrow.

Prime Focus makes a killing, says FCCB to convert in Dec'12

The visual entertainment services company Prime Focus recorded a sharp surge in its net profit registered for the year ended on March 2011. The company’s CFO, Nishant Fadia tells CNBC-TV18, that the company has seen a rise in the EBITDA, from 26% to 33%.

Will get global recognition by Lucasfilm order: Prime Focus

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."