StanChart to invest USD 35 mn more in Prime Focus; stk up nearly 3%

Prime Focus (PFL) gained on Friday after it has proposed issue of INR-denominated Non-Convertible Debentures (NCDs) on a private placement basis of a face value of the INR equivalent of USD 35 million to an entity within the Standard Chartered Bank Group.

The zero-coupon, unsecured NCDs are six year instruments. The said debentures are proposed to be listed on the wholesale debt market segment of the Bombay Stock Exchange (BSE). Shares ofthe companyare trading at Rs 49.20, up Rs 1.3, or 2.71% at the Bombay Stock Exchange (BSE) on Friday at 10:17 a.m.The scrip has touched an intra-day high of Rs 50 and low of Rs 48.60. The total volume of shares traded at the BSE is 196,518.In the earlier session, the shares lost 1.14%, or Rs 0.55, at Rs 47.90. Currently, the stock is trading down 23.3% from its 52-week high of Rs 64.15 and above 49.09% over the 52-week low of Rs 33.00.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 48.15 (0.25) (0.52) 1 Month 52.30 (4.40) (8.41) 3 Months 46.45 1.45 3.12 6 Months 45.10 2.80 6.21 1 Year 59.00 (11.10) (18.81) Note: Based on previous day closing price.