Prismx Global Ventures Limited allots 3,47,72,490 shares

The Board of Directors of Prismx Global Ventures Limited at its meeting held on Saturday, October 22, 2022 at 11.30 A.M and concluded at 12.30 PM at the registered office of the company and approved the allotment of 3,47,72,490 fully paid-up Equity shares on Preferential Basis to shareholders of Prime Flix Private Limited ("PFPL") for consideration other than cash (share swap), being discharge of total purchase consideration of Rs. 20,86,34,940/- ("Purchase Consideration") for the acquisition of 25,75,740 equity shares of PFPL from the Proposed Allottees at a price of Rs. 81/- (Rupees Eighty-One Only) per equity share of PFPL resulting in PFPL becoming a wholly owned subsidiary of the Company.

Source : Equity Bulls

Keywords

PrismxGlobalVentures SharesAllotment PrimeFlix