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

Prime Focus has announced a board meeting on July 3, 2025, approving a preferential issue of up to 462.67 crore equity shares at INR 120 each, aggregating ₹5,552 Cr. This includes a share swap with DNEG S.a.r.l., its step-down subsidiary, to consolidate ownership, increasing its holding in DNEG to 88.28%. The company will raise ₹390 Cr via cash infusion from new investors, including promoter-linked and prominent non-promoter investors like Novator Capital. Special rights, such as a non-executive director appointment, will be granted to one investor holding above 5%. An EGM is scheduled for shareholder approval of these actions.