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Phantom Digital Effects has approved the allotment of 1,00,200 equity shares through QIP at ₹198 each, raising ₹1.98 Cr. The paid-up equity capital now stands at ₹13.68 Cr, up from ₹13.57 Cr. The full issue was equally subscribed by two foreign portfolio investors, boosting the company’s equity base to support upcoming growth and strategic plans.