Prime Focus Limited has informed the Exchange about Acquisition
PFOCUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prime Focus Limited announced internal restructuring of its group subsidiaries. The company is transferring 100% equity of Prime Focus Technologies Inc (PFT US) from Brahma India to DNEG for approximately USD 21 Million, and separately transferring 100% equity of Brahma India from DNEG to Brahma AI Holdings Limited for approximately USD 90.09 Million. Both transactions are related party transactions done at arm's length and are outside any Scheme of Arrangement. PFT US contributed 2.51% (INR 90.49 Crores) to consolidated turnover and Brahma India contributed 10.57% (INR 380.23 Crores). All entities will remain step-down subsidiaries of Prime Focus Limited after the restructuring, with no change in ultimate ownership structure.
Minimal impact on shareholders as this is purely internal restructuring between wholly-owned subsidiaries. The company structure and effective ownership remain unchanged. No dilution or cash outflow for listed entity.