Zee Entertainment to invest up to Rs 116 crore in VFX studio PhantomFX
Mumbai: Zee Entertainment Enterprises has said it will make a strategic investment of up to Rs 116 crore in visual effects and animation studio Phantom Digital Effects Ltd. (PhantomFX) to venture into the fast-growing animation, visual effects, gaming and comics (AVGC) segment.
The company will acquire compulsorily convertible debentures in PhantomFX in one or more tranches through a preferential allotment, subject to shareholder approvals.
