Prime Focus Limited

Prime Focus Limited disclosed that its shareholders approved a related party transaction involving the transfer of equity shares between DNEG S.a.r.l. and Brahma AI Holdings Limited for Brahma AI Services India Limited, formerly Prime Focus Technologies Limited, and between DNEG S.a.r.l. and Brahma AI Services India Limited. The transactions, valued at USD 90.09 million and USD 21 million respectively, were conducted at arm’s length. Additionally, the company’s board approved the appointment of Namit Malhotra as a Whole Time Director, and authorized a potential fundraising of up to INR 3,000 crore through various means, including equity shares and debt securities.

Prime Focus Limited, at its board meeting on August 7, 2026, approved a change in designation for Mr. Namit Malhotra from Non-Executive Director to Whole Time Director for a term of three years. The company also seeks to raise up to Rs 3,000 crore through the issuance of equity shares and/or debt securities or other securities, potentially including Qualified Institutions Placement (QIP), American Depository Receipts (ADR/GDR), preferential issues, or rights issues. Additionally, the company finalized agreements on April 1, 2026, for the sale of assets, with Brahma AI Holdings Limited (a subsidiary) as the buyer and DNEG S.a.r.l. (another subsidiary) as the seller, for a consideration of USD 90.09 million and USD 21 million respectively. These transactions are considered related party transactions and are being conducted at arm’s length.

Prime Focus Limited disclosed that its shareholders approved a related party transaction involving the transfer of equity shares between DNEG S.a.r.l. and Brahma AI Holdings Limited for Brahma AI Services India Limited, formerly Prime Focus Technologies Limited, and a similar transaction involving DNEG S.a.r.l. and Brahma AI Services India Limited. The company will receive approximately USD 90.09 million and USD 21 million respectively on completion of the sales. Additionally, the company’s board approved the appointment of Namit Malhotra as a Whole Time Director for a term of three years, and authorized the company to raise up to INR 3,000 crore through various means, including equity shares and debt securities.

Prime Focus Limited disclosed that its shareholders approved a related party transaction involving the transfer of equity shares of Brahma AI Services India Limited (formerly Prime Focus Technologies Limited) and Prime Focus Technologies Inc. to DNEG S.a.r.l., a subsidiary of the company. The transaction, valued at USD 90.09 million and USD 21 million respectively, is being conducted at arm’s length. Additionally, shareholders authorized the company to raise up to INR 3,000 crore through the issuance of equity shares or debt securities via various mechanisms. The company also announced the change in designation of Mr. Namit Malhotra from Non-Executive Director to Whole Time Director, effective August 7, 2026.

PFL is facilitating a USD 99.99 million fundraising round for its subsidiaries, BHL and Brahma India, through investments from Multiples Private Equity Gift Fund IV (USD 54.36 million) and Multiples Private Equity Fund IV (USD 45.64 million). The funds will be used for business operations and growth, with the investments taking the form of Compulsorily Convertible Preference Shares that will eventually convert to equity. While PFL will not receive direct financial gain initially and will retain a 65.67% economic stake, the transaction will result in a loss of control over the subsidiaries and includes a planned separation of governance from the DNEG Group. Shareholder approval from PFL is required, and the deal is considered a related party transaction necessitating scrutiny of its terms.

PFL is undertaking a significant transaction involving its subsidiaries, BHL and Brahma India, through the issuance of USD 54.36 million in shares to Multiples Private Equity Gift Fund IV and USD 45.64 million to Multiples Private Equity Fund IV. The investment, structured as compulsorily convertible preference shares, will ultimately result in Multiples holding 10.9% voting rights in BHL and will separate the governance of BHL and Brahma India from PFL. While PFL will not receive direct proceeds and will retain 65.67% economic ownership in BHL, the transaction is considered a related party transaction and requires shareholder approval under Indian stock market regulations, referencing SEBI Circular No. HO/49/14/14(7)2025 -CFD -POD2/I/3762/2026 dated January 30, 2026. The transaction is described as being conducted at arm’s length and is intended to support growth initiatives within the subsidiaries.

PFL is facilitating an investment of USD 100 million in two of its subsidiaries, BHL and Brahma India, through Multiples Private Equity Gift Fund IV and Multiples Private Equity Fund IV, in the form of Compulsorily Convertible Preference Shares. BHL will receive USD 54.36 million, while Brahma India will receive USD 45.64 million, intended to strengthen their financial positions. The transaction, entered into on September 23, 2026, qualifies as a related party transaction and is structured at arm’s length, but requires shareholder approval and satisfaction of other unspecified conditions before completion. Following the investment, PFL will cease to exercise control over the subsidiaries, although it will retain 65.67% economic ownership of BHL; BHL reported a net worth of INR 1,863.99 Crores and Brahma India reported a turnover of INR 202.84 Crores as of fiscal year 2025-26.

Prime Focus Ltd is up for a third straight session in a row. The stock is quoting at Rs 330.25, up 3.06% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.51% on the day, quoting at 23336.3. The Sensex is at 74608.42, up 0.37%. Prime Focus Ltd has risen around 15.37% in last one month. Meanwhile, Nifty Media index of which Prime Focus Ltd is a constituent, has risen around 4.83% in last one month and is currently quoting at 1515.05, up 0.64% on the day. The volume in the stock stood at 50.28 lakh shares today, compared to the daily average of 12.77 lakh shares in last one month.The PE of the stock is 0 based on TTM earnings ending June 26.

Prime Focus Ltd is up for a fifth straight session today. The stock is quoting at Rs 318.45, up 1.69% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.29% on the day, quoting at 23566.15. The Sensex is at 75212.1, down 0.48%. Prime Focus Ltd has gained around 12.51% in last one month. Meanwhile, Nifty Media index of which Prime Focus Ltd is a constituent, has gained around 1.69% in last one month and is currently quoting at 1540.6, down 0.48% on the day. The volume in the stock stood at 4.26 lakh shares today, compared to the daily average of 10.83 lakh shares in last one month.The PE of the stock is 0 based on TTM earnings ending June 26.

Prime Focus Limited announced a board decision to raise up to Rs 3,000 crore through a combination of equity shares, debt securities, non-convertible securities, share warrants, or other equity-linked securities, potentially utilizing methods like Qualified Institutions Placement (QIP), Depository Receipts (ADR/GDR), preferential allotments, or rights issues, subject to member and regulatory approvals. The company also approved an increase in its authorized share capital from Rs 85 crore to Rs 100 crore, divided into 85 lakh to 100 lakh equity shares respectively, each with a face value of Re. 1. Further details regarding the fund raising, including investor names and pricing, will be determined by the board at a later date.