Prime Focus shares advanced 14%, day’s high of Rs 58.95

Prime Focus share has jumped nearly 14% after Reliance Capital opposed the stake sale by Credit Suisse. Reliance has asked SEBI to do a proper and through investigation and immediately stop Credit Suisse from selling Prime Focus shares. Credit Suisse is planning to sell the shares of Prime Focus at the offer value of Rs. 44.15 per share which is below intrinsic value of the share. The exact value of a share is Rs. 150 per share. Credit Suisse owns about 33.12% equity shares.

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