A2R Holdings has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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A2R Holdings, a promoter entity of Prime Focus Limited, will acquire 2,42,08,696 equity shares (8.07% of share capital) from fellow promoter Mr. Naresh Malhotra via a block deal in the open market, on or after June 6, 2025. The 60-day volume-weighted average price on NSE/BSE was Rs 106.96, and the deal will be executed at prevailing market price under Regulation 10(1)(a)(ii) of SEBI SAST Regulations, which exempts the acquirer from making an open offer. After the transfer, A2R Holdings' stake will rise from 45.33% to 53.40%, while Mr. Naresh Malhotra's holding will drop from 19.56% to 11.49%. The aggregate promoter and promoter group shareholding remains unchanged at around 69.86% before and after the transaction.
This is purely an internal reshuffle within the promoter family and does not change total promoter ownership, so it is largely neutral for shareholders. The block deal could create some short-term price pressure depending on the discount or premium to the Rs 106.96 reference price, but no open offer obligation is triggered.