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Digikore Studios Converts 11 Crore Debt into Equity Shares

The National Stock Exchange has granted in-principle approval for Digikore Studios to convert 11 crore rupees of outstanding promoter debt into equity. By issuing over 1.4 million shares to Managing Director Abhishek Rameshkumar More, the visual effects firm moves to restructure its balance sheet and solidify internal ownership stakes.

Digikore Studios Converts 11 Crore Debt into Equity Shares

This strategic conversion replaces unsecured loans with equity, effectively reducing company liabilities without the need for fresh capital injection. Digikore will issue 14,15,701 equity shares at a price of 77.70 rupees each. The move is designed to bolster financial flexibility as the firm navigates an increasingly competitive landscape for digital content production.

Following the allotment, the promoter group’s stake in the company will increase from 58.46% to 62.64%. This consolidation of equity aligns the leadership’s financial interests more closely with the studio’s long-term international expansion goals. By streamlining its capital structure, Digikore aims to improve its capacity to scale operations in response to the rising global demand for high-end visual effects.

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