Prime Focus Completes Acquisition Of UK’s VTR; Plans IPO

Business Standard: Prime Focus, a post production and visual effects service company, has completed the acquisition of 55 per cent stake in VTR Group for -£4.5 million ($ 8.47million). VTR is a -£20 million European media service company with over 20 years of post-production and visual effects experience in the UK. Reliance Capital has advanced a bridge loan of Rs 35 crore to the company to part finance the UK buy. Prime Focus is also planning an IPO to raise Rs 115 crore ($25.5 million).

Comments have been disabled for this post