Prime Focus plans to raise up to $85 million in convertibles

By Devika Patel

Knoxville, Tenn., Aug. 31 - Prime Focus Ltd. notified the Bombay Stock Exchange that its board members have approved the company's plans to issue up to $55 million in convertibles. The company also plans to issue up to $30 million in euro convertible bonds.

The company approved the proposals at a committee meeting on Thursday.

Securities may include American Depositary Receipts, Global Depositary Receipts or convertible bonds.

Prime Focus is a Mumbai, India-based provider of integrated end-to-end post production and visual effects services.

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