PhantomFX Raises INR 59.99 Crore via QIP to Global Expansion and Creative Leadership

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Chennai (Tamil Nadu) [India], July 15: Phantom Digital Effects Limited (NSE: PHANTOMFX), one of India’s fastest-growing and globally recognized VFX studios, is pleased to announce the successful completion of its Qualified Institutions Placement (QIP). The company has raised ₹59.99 Crore through the issuance of 23,43,600 equity shares at ₹256 per share (including a premium of ₹246 per share), reflecting a discount of 4.78% (i.e. Rs.12.85/- per Equity Share) to the floor price of ₹268.85 per share.

This fundraise comes at a…



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PhantomFX Raises INR 59.99 Crore via QIP to Global Expansion and Creative Leadership


Chennai (Tamil Nadu) [India], July 15: Phantom Digital Effects Limited (NSE: PHANTOMFX), one of India’s fastest-growing and globally recognized VFX studios, is pleased to announce the successful completion of its Qualified Institutions Placement (QIP). The company has raised ₹59.99 Crore through the issuance of 23,43,600 equity shares at ₹256 per share (including a premium of ₹246 per share), reflecting a discount of 4.78% (i.e. Rs.12.85/- per Equity Share) to the floor price of ₹268.85 per share.

This fundraise comes at a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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