Prime Focus increases stake in DNEG through equity allotment and acquisitions

Prime Focus Limited announced on September 24, 2025, the preferential allotment of 187.9 million fully paid-up equity shares at an issue price of INR 120 per share. This allotment, made to seven investors including promoter A2R Holdings and non-promoters Bresino Projects Limited and Novator Capital Limited, totals a consideration of INR 22.55 bn. The transaction includes a share swap for acquiring 6.78 million shares in DNEG S.a.r.l, Luxembourg, valued at INR 20.83 bn, and raising funds aggregating up to INR 1.72 bn.

As a result of this preferential allotment, Prime Focus's paid-up equity share capital has increased from INR 587.56 million to INR 775.5 million. The company has directly acquired an additional 12.53% in DNEG.

Furthermore, following shareholder approval, PF World Limited, a subsidiary of Prime Focus, acquired an additional 1.03% stake in DNEG from A2R Holdings on September 23, 2025. This acquisition was a related party transaction. Consequently, Prime Focus's total direct and indirect shareholding in DNEG, a private limited liability company engaged in visual effects, animation, and creative technologies, has increased to 88.28%. The cost of acquisition for the 1.03% stake was $19.75 million.