Prime Focus is currently trading at Rs. 43.70, up by 2.00 points or 4.80% from its previous closing of Rs. 41.70 on the BSE.
The scrip opened at Rs. 42.40 and has touched a high and low of Rs. 44.25 and Rs. 42.40 respectively. So far 42,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 58.10 on 11-Oct-2012 and a 52 week low of Rs. 40.40 on 04-Mar-2013.
The current market cap of the company is Rs. 810.00 crore.
The promoters holding in the company stood at 40.87% while Institutions and Non-Institutions held 5.39% and 53.73% respectively.
Prime Focus has received an approval to invest $3,000,000 in a joint venture (JV) with AID Capital Partners to provide all of Prime Focus’s services including 2D to 3D conversion, Visual Effects (VFX), Clear cloud based platform services and post production services in the People’s Republic of China, Hong Kong, Macau and Taiwan regions. The board of company at its meeting held on March 19, 2013 has approved for the same.
In addition to the above, the board has also taken note of the proposed issue of Optionally Convertible Preference shares in Prime Focus World N.V, wholly owned subsidiary of the company, for an amount not exceeding $10 million, to the AID Partners group, convertible to equity of Prime Focus World, N.V. at a valuation of $250 million.
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.
| Company Name | CMP |
|---|---|
| PVR | 1381.80 |
| Saregama India | 497.65 |
| Eros Internatl.Media | 15.13 |
| Shemaroo Entertain. | 160.10 |
| Balaji Telefilms | 79.92 |
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