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Prime Focus promoter to acquire 33% stake in company from Credit Suisse for Rs463 crore
On Thursday, shares of Prime Focus closed trading at Rs51.4 apiece, up 0.78% on the BSE.
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MUMBAI :
The promoter group of Prime Focus Ltd on Thursday said that they have entered into an agreement with Credit Suisse to acquire a 33.12% stake in the company at a price of Rs44.15 per share aggregating to Rs463 crore.
This transaction will in turn trigger an open offer by the promoters to acquire another 26% stake in the company from public shareholders at the same price of Rs44.15 apiece. ....

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