Prime Focus gets HC approval to merge Storemedia Technologies

MUMBAI: Post production and special effects studio Prime Focus has received approval from the High Court of Judicature at Bombay to merge its wholly owned subsidiary Storemedia Technologies.

The order came on 28 November, 2008 wherein the court allowed the scheme of arrangement between Prime Focus Ltd, Storemedia Technologies, and their respective shareholders and creditors for the amalgamation and transfer of business of Storemedia Technologies to Prime Focus.