Prime Focus Ltd allots 100,00,000 Equity Shares pursuant to conversion of Warrants

The Board of Directors of Prime Focus Ltd through Board Resolution dated April 13, 2012, has approved allotment of 100,00,000 equity shares of face value Re. 1/ each to Mr. Namit Malhotra, promoter of the Company pursuant to conversion of 10,00,000 warrants issued at price of Rs. 554.78/- each per warrant convertible Into equity shares of face value of Rs. 10 each.

On account of stock split w.e.f. November 01, 2010 of one equity share of face value of Rs. 10 each into 10 equity shares of face value Re. 1 each, Company has Issued 1,00,00,000 equity shares to Mr. Namit Malhotra. Consequent to the aforesaid allotment, the paid up capital of the Company has increased from 138,867,446 Equity Shares of Re. 1/- each to 148,867,446 Equity Shares of Re. 1/- each.

The Prime Focus Ltd stock closed the day at Rs.50.45, down by Rs.0.50 or 0.98%. The stock hit an intraday high of Rs.51.65 and low of Rs.49.40.

The total traded quantity was 3.74 lakhs compared to 2 week average of 7.80 lakhs.

Source : Equity Bulls

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