Reliance Mediaworks merges with Prime Focus

Reliance Mediaworks in merging with entertainment service provider Prime Focus. It will be paid a preferential allotment of 67.31M Prime Focus share at Rs 52/share. Promoters Naresh and Namit Malhotra will invest Rs 120Cr each. Reliance Mediaworks will have an option to acquire up to 26% stake in Prime Focus. Link

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