NSE and BSE approve preferential issue of 46.27 crore shares
PFOCUS · price
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On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Prime Focus received preliminary approval from NSE and BSE to issue 46,26,68,572 equity shares of Re 1 each at a price of at least Rs 120. The approval covers 43,01,24,822 shares through a share swap with promoters and non-promoters, and 3,25,43,750 shares for non-promoters. Allotment and listing remain subject to approvals and compliance.
The large issue may dilute shareholders and add supply pressure. Investor names and final pricing are unclear, so the stock impact remains uncertain.