Prime Focus Update by Epic Research

Prime Focus (PFL), a global media and entertainment industry services leader, in accordance with the approval of board of directors and the shareholders, has executed the business transfer agreement (BTA) to sell, transfer, and/or otherwise dispose of its ‘Backend Business’, on a going concern on slump sale basis to Prime Focus World Creative Services a company incorporated in India, which is a direct subsidiary of PFW, a company incorporated and operating under the laws of Netherlands and an indirect subsidiary of the company, for a total net consideration-of $38 million.



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Posted in: Indian Market Tips