The Board of Directors of Prismx Global Ventures Limited has approved the allotment of 3,47,72,490 fully paid-up Equity shares on Preferential Basis to shareholders of Prime Flix Private Limited.
Equity markets closed at record highs on October 14, tracking gains in ITC, HDFC Bank and PowerGrid shares amid mixed cues in global markets. Sensex ended above 61,000 for the first time and Nifty closed above the 18k mark for the second consecutive session.
At a meeting held today, the board decided not to proceed with the preferential issue and the share subscription agreements executed with the Proposed Allottees have been terminated, says PNB.