Intimation of receipt of the in-principle approval under Regulation 28(1) of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015 for the issue andallotment of 46,26,68,572 Equity Shares of Re. 1 /- on a Preferential basis
PFOCUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Prime Focus Limited has received in-principle approval from the stock exchanges under SEBI LODR Regulation 28(1) for issuing and allotting 46,26,68,572 equity shares of Re. 1 each on a preferential basis. This translates to roughly 46.27 crore new shares, a sizeable capital raise relative to typical issuances. The in-principle approval is a procedural step and does not yet confirm the final issue price or the identity of the allottees. Further details on pricing, valuation, and subscriber names would follow in subsequent filings.
This is a large preferential allotment that will meaningfully dilute existing shareholders once completed. The stock may see pressure depending on the issue price and the profile of the incoming investors; keep an eye on the price at which shares are allotted.