Held on 10 September 2015
Prime Focus announced that the Shareholders of the Company had vide Special Resolution passed through Postal Ballot on 10 September 2014 prescribed the limit of Rs. 1000 crore for borrowing to be made by the Board of Directors of the Company from time to time. In compliance with the limits prescribed by the Shareholders as mentioned above, the Board of Directors at their meeting held on 20 February 2015 have decided to make an offer for the issuance of upto 4,000 unlisted, unrated, redeemable Debentures not convertible into Equity Shares of the Company of face value of Rs. 1,00,000/- each aggregating upto Rs. 27 crores (Rupees Twenty Seven Crores only) with a Green Shoe Option of upto Rs. 13 crores (Rupees Thirteen Crores only), on a private placement basis. The proposed issuance is subject to various terms and conditions, including execution of definitive documents and all requisite approvals and consents.Powered by Capital Market - Live News
