Phantom Digital Effects Acquires Tippett Studio, Eyeing Performance Boost
Phantom Digital Effects (PhantomFX) has completed the acquisition of Tippett Studio, a renowned visual effects and animation company. The strategic move is expected to enhance PhantomFX's capabilities and market presence in the digital effects industry. Benefits from this acquisition are projected to materialize in Q2 of FY 2025-26. The merger aims to expand PhantomFX's service portfolio, improve technological capabilities, and potentially increase its global market share in VFX and animation.
08Mar 25
Phantom Digital Effects Ltd Unveils Ambitious ₹140 Crore Fundraising Plan
Phantom Digital Effects Ltd, a small-cap SME company, has unveiled a ₹140 crore fundraising initiative through a Qualified Institutional Placement (QIP) of up to ₹80 crore and a preferential issue of warrants worth ₹59.95 crore at ₹247 per warrant. The company's financial metrics show significant growth, with total assets increasing by 202.03% to ₹178.2 crore and total equity rising by 227.38% to ₹144.7 crore compared to the previous year. This fundraising, representing 78% of current total assets, aims to strengthen the company's balance sheet and fuel further growth.
07Mar 25
Phantom Digital Effects Secures ₹139.95 Crore for Global Expansion and AI Integration
Phantom Digital Effects, a digital effects company with a ₹3.2 billion market cap, has raised ₹139.95 crore through QIP and preferential issue. The funds will be used for global expansion and integrating AI technologies into their operations. This capital raise demonstrates investor confidence in the company's growth prospects and positions them to capture new opportunities in the evolving digital effects industry.