Phantom Digital Effects Board Meeting Outcome
Phantom Digital Effects Limited approved a ₹115.70 Crore fund raise through the issuance of Compulsorily Convertible Debentures (CCDs) to Zee Entertainment Enterprises Limited. The board also approved increasing the authorized share capital to ₹30 Crore. The funds will support business expansion, capital expenditure, and working capital requirements for its UK subsidiary.
- Value
- ₹115.7 Cr
- Execution
- 18 months