Prime Focus to merge subsidiary company Storemedia Tech

MUMBAI: Post production and special effects studio Prime Focus will be merging its wholly owned subsidiary Storemedia Technologies with itself.

The merger will be subject to members’ approval, High Court approval and various other permissions and approvals.

The company’s board has approved the issuance of 100 shares for every 45 shares held by members of Storemedia Technologies. This will entail issuing 1,00,000 equity shares from Prime Focus Ltd.