Prime Focus Limited — Others, 21-07-2025: Corrigendum

Prime Focus has issued a corrigendum for its Extra-Ordinary General Meeting on July 26, clarifying details of a proposed preferential issue. The company aims to raise up to ₹5,552.03 Cr by issuing 46.27 crore shares at ₹120 each. This includes a ₹5,161.50 Cr non-cash swap for a 31.05% stake in DNEG, consolidating its indirect holding to 87.25%. A cash component of ₹390.53 Cr will fund further DNEG stake acquisition (₹172 Cr), business expansion (₹120.89 Cr), and general corporate use (₹97.63 Cr). This move enhances control and future value from DNEG. E-voting for the meeting will now be from July 23 to July 25.