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