Prime Focus Limited — Important, 03-07-2025: Agreements

Prime Focus has announced a board meeting approving a preferential allotment of up to 46.27 crore equity shares at INR 120 each, aggregating to INR 5,552 Cr. This includes acquiring a 31.05% stake in its step-down subsidiary DNEG S.a.r.l., Luxembourg via share swap, increasing its total holding in DNEG to 88.28%. Investors include promoter group entity A2R Holdings and Novator Capital among others. Novator will receive special rights like appointing one non-executive director and affirmative voting on limited matters while holding over 5% equity. An EGM will seek shareholder approval for these moves.