Equity Magic: Phantom Digital’s ₹19.8 Million Power Play Sparks Industry Buzz!

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Phantom Digital Effects Ltd., a prominent VFX company for movies and web series, has paved the way for its next growth phase by sanctioning the issue of equity shares up to ₹19.8 million. This is part of a larger capital-raising plan to fortify its financial foundation and step up expansion.

Key Highlights:

The board has cleared the issuance of equity shares for up to ₹19.8 million as part of a greater fundraising strategy involving Qualified Institutional Placement (QIP) and preferential issue of warrants.
The firm has upgraded its authorized capital from ₹20 crore to ₹25 crore recently, which reflects aggressive growth plans and preparedness for prospective opportunities.
Phantom Digital Effects is also considering other means of raising capital, including board sanction for QIP tranches worth a total of ₹80 crore, and a preferential issue of fully convertible warrants for as much as ₹60 crore.
The injection of new capital will finance the company's current projects, possible acquisitions, and working capital requirements, as it continues to offer high growth performance in the visual effects space.
Phantom Digital Effects has shown remarkable growth, with a 232% CAGR in profits over the past five years and a high return on equity, highlighting its operational strength and investor attractiveness.

Through this equity offering, Phantom Digital Effects is set to grab new business opportunities and consolidate its position as a creative powerhouse in the global VFX industry.

Source: Zerodha, Screener, NSE