Indiantelevision.com's > Digital Edge > Prime Focus to merge subsidiary, fixes swap ratio
Indiantelevision.com's
Digital Edge
Prime
Focus to merge subsidiary, fixes swap ratio
Indiantelevision.com
Team
(24 June 2008 2:00 pm)
MUMBAI: Prime Focus, a post production and
special effects firm, is merging its wholly
owned subsidiary Storemedia Technologies
with itself.
The
company will issue 100 shares for every
45 shares held by members of Storemedia
Technologies. The swap ratio will, thus,
entail issuing 1,00,000 shares from Prime
Focus.
The
merger will be subject to members’ approval,
High Court approval and various other permissions
and approvals.
