Acquisitions2 Apr 2025, 09:33 pm
Bresino Projects Limited Enters Agreement with Mr. Naresh Malhotra for Prime Focus Limited Shares
AI Summary
Bresino Projects Limited has entered into an agreement with Mr. Naresh Malhotra, which includes the creation of an encumbrance on certain shares held by him in Prime Focus Limited. This agreement was made on March 31, 2025. Bresino will purchase 17,185,110 equity shares of Prime Focus Limited from Mr. Malhotra as per the Agreement. The shares will be acquired on the floor of the stock exchange through the block window facility and as per the applicable laws including pricing guidelines. Mr. Malhotra has agreed not to sell, transfer, or dispose of the encumbered shares without Bresino's prior written consent.
Key Highlights
- Bresino Projects Limited has entered into an agreement with Mr. Naresh Malhotra
- The agreement includes the creation of an encumbrance on certain shares held by Mr. Malhotra in Prime Focus Limited
- Bresino will purchase 17,185,110 equity shares of Prime Focus Limited from Mr. Malhotra
- The shares will be acquired on the floor of the stock exchange through the block window facility
- Mr. Malhotra has agreed not to sell, transfer, or dispose of the encumbered shares without Bresino's prior written consent