PFOCUSNSEPrime Focus Limited· Media & EntertainmentMediumNeutral
Announced Wed, 19 Nov · 21:53 IST

Intimation of receipt of the Trading Approval from the Stock Exchanges pursuant to Regulation 30 of the SEBI (LODR) for trading of 46,26,68,572 fully paid up Equity Shares of Re.1/- each, allotted to a preferential basis

Lockin ExpiryCapital Market Events View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Prime Focus Limited has received trading approval from stock exchanges for 46,26,68,572 fully paid-up equity shares of Re. 1 each, which were allotted on a preferential basis. This approval, granted under SEBI's Listing Obligations and Disclosure Requirements, allows these shares to now be freely traded on the exchanges. The shares were previously subject to a mandatory lock-in period following the preferential allotment. With approval in hand, these shares will now enter the active tradable float.

Likely market impact

A very large block of shares (46+ crore) is now becoming tradeable, which could significantly increase the floating supply and potentially create selling pressure on the stock. Shareholders should watch for potential dilution effects and price volatility as these shares enter circulation.