Prime Focus Limited — JV/Acquisition, 03-07-2025: Acquisition

Prime Focus has announced a board meeting approving a preferential equity issue totaling ₹5,552 Cr at ₹120/share. The deal includes a share swap to acquire an additional 31.05% stake in its step-down subsidiary, DNEG S.a.r.l., Luxembourg, at a valuation reflecting total assets of USD 936 million and revenues of USD 426 million for FY25. This will raise Prime Focus’ effective holding in DNEG to 88.28%. The move consolidates control over its core visual effects and animation business, boosting strategic integration in the global creative technology space.