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Prime Focus' subsidiary raises Rs 45 crore

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Capital Market
Last Updated : Apr 10 2014 | 12:03 AM IST

Through issue of OCDs

Prime Focus has announced that its subsidiary, Prime Focus Technology, has raised Rs 45 crore through private placement of optionally convertible debentures (OCDs) from a diverse base of high net worth individual. The funds raised would be used to fuel expansion of its Cloud Technology, CLEAR in the global markets as well as for retiring debt.

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First Published: Apr 09 2014 | 6:36 PM IST

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