Prime Focus Limited — Board Meeting, 03-07-2025: Outcome of Board Meeting

Prime Focus Limited has announced a board meeting to approve raising up to INR 5552 Cr via preferential allotment of 46.27 crore equity shares at INR 120 each. This includes a major share swap to consolidate control over its step-down subsidiary DNEG S.a.r.l., increasing its stake in DNEG to 88.28%. The fundraising involves promoter and institutional investors like Novator Capital. Special rights will be granted to select investors, including a director appointment right. An EGM is scheduled for shareholder approval of these key strategic moves aimed at strengthening group ownership and expanding financial flexibility.