Sunday 25 Feb, 2018 04:58 PM
Site map | Locate Us | Login
   Sun Pharma moves up after Halol update    Jubilant Life Sciences Ltd leads losers in 'A' group    Karnataka Bank moves up after opening four new branches    Central Bank of India spurts after board OKs preferential allotment     Volumes jump at Jubilant Life Sciences Ltd counter    HCL Tech advances after launching backhaul solution    Sadbhav Engineering firms up after bagging NHAI contract    Info Edge (India) jumps on bargain hunting     Yes Bank Ltd rose for a third straight session today    IDBI Bank Ltd rose for a fifth straight session today    L&T rises after winning orders    Yash Papers jumps after MoU with UP government     Jaiprakash Associates Ltd leads gainers in 'A' group    ITD Cementation rises on impressive Q4 earnings    Genus Paper & Boards hits the roof 
Saravan Stocks
Hot Pursuit
Scrips, which has significant changes during the market hours.
Prime Focus in action as board approves issue of share warrants
07-Dec-17   14:45 Hrs IST

The announcement was made during market hours today, 7 December 2017.

Meanwhile, the S&P BSE Sensex was up 272.56 points, or 0.84% to 32,869.74. The S&P BSE Mid-Cap index was up 194.03 points, or 1.16% to 16,856.91.

On the BSE, 23,563 shares were traded in the counter so far, compared with average daily volumes of 24,266 shares in the past one quarter. The stock had hit a high of Rs 104 and a low of Rs 98.25 so far during the day. The stock had hit a 52-week high of Rs 124.35 on 16 May 2017. The stock had hit a 52-week low of Rs 63.45 on 22 December 2016.

The stock had outperformed the market over the past one month till 6 December 2017, falling 0.45% compared with 3.36% drop in the Sensex. The scrip had, however, underperformed the market in past one quarter, dropping 1.66% as against Sensex's 2.95% rise. The scrip, had, however, outperformed the market in past year, rising 46.11% as against Sensex's 23.51% rise.

The mid-cap company has equity capital of Rs 29.89 crore. Face value per share is Re 1.

The board of Prime Focus (PFL) approved to issue and allot, on a preferential basis, share warrants worth Rs 330 crore primarily to a promoter entity totaling Rs 300 crore and balance to a non promoter investor of Rs 30 crore.

The funds raised would be used largely towards debt reduction which is in line with the company's stated priority to significantly bring down the leverage of the group. The allotment would be a total of 3.11 crore warrants at the price of Rs 106 per share, with a right exercisable by the warrant holder to subscribe for one ordinary share per warrant whichoption shall be exercisable on or after 1 April 2018, but not later than 18 months from the date of issue of warrants.

The promoter holding, on full conversion, will increase to around 40% from 35% as on 30 September 2017.

Prime Focus reported consolidated net profit of Rs 21.87 crore in Q2 September 2017 compared with net loss of Rs 39.50 crore in Q2 September 2016. Net sales rose 17.3% to Rs 546.17 crore in Q2 September 2017 over Q2 September 2016.

Prime Focus is an independent integrated media services company. It provides end-to-end creative services (visual effects, stereo 3D conversion and animation), technology products & services (media ERP Suite and cloud-enabled media services), production services (equipment rental) and post-production services (digital intermediate and picture post) to the media and entertainment industry.

Powered by Capital Market - Live News

   Attention Investors : Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.
   Attention Investors : Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers / Depository Participant. Receive information of your transactions directly from Exchange / Depositories on your mobile / email at the end of the day .... Issued in the interest of Investors.
   Attention Investors : KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
   Attention Investors : No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Email ID:       Customers grievances :     Compliance officer : Mr.G Anand ,
Hit Count : 8204775
SEBI Regn.Nos : NSE Cash : INB231122137  |  NSE F&O  : INF231122137  |  BSE Cash : INB011122133  |  BSE F&O : INF011122133  |  NSE CD : INE231122137  
MCX-SX CD :INE261122137   |  USE CD : INE271122132  |  CDSL : IN-DP-CSDL-262-2016/, AMFI Regn.No : 2662, FMC Regn. No : MCX / TCM / CORP / 0186 | MCX :12815 * 
Member IDs : NSE :11221  |  BSE :6292  |  USE :11221  |  MCX-SX :25500  |  CDSL :12045000   ( * through associate company SSPL commodities)
Designed , Developed & Content provided by CMOTS INFOTECH.(ISO 9001:2015 certified) © Copyright 2011 All Rights Reserved. Saravana Stocks Pvt. Ltd