Prime Focus board approves PE investment in AI subsidiaries, loss of control
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Prime Focus board approved Multiples Private Equity Fund IV investing in Brahma AI Holdings and Brahma AI Services India, its material subsidiaries, via CCPS subscription. This will cause Prime Focus to lose control over both subsidiaries. Board also cleared related party deals including indemnity framework, shareholders agreement, and platform licensing between DNEG entities and Brahma. EGM set for November 7, 2026 to seek shareholder approval.
Cessation of control over key AI subsidiaries Brahma Holdings and Brahma India to Multiples PE; shareholder vote needed at EGM on Nov 7, 2026.