Prime Focus Limited has informed the Exchange about Sale or disposal
PFOCUS · price
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Prime Focus Limited has disclosed an internal group restructuring involving two transfers between its step-down subsidiaries. First, Brahma India is transferring 100% of PFT US (Prime Focus Technologies Inc.) to DNEG S.a.r.l. for ~USD 21 million, which includes prior conversion of inter-company loans and preference shares into equity. Second, DNEG is transferring 100% of Brahma India to Brahma AI Holdings Limited for ~USD 90.09 million. Both transactions are between related step-down subsidiaries within the Prime Focus group, at arm's length and outside any NCLT scheme. PFT US contributed 2.51% (INR 90.49 Cr) of consolidated turnover, while Brahma India contributed 10.57% (INR 380.23 Cr). The company is not a direct party to the agreements. Upon completion, both entities will remain step-down subsidiaries of Prime Focus Limited.
Low direct impact on Prime Focus Limited shareholders as both disposed entities remain within the group as step-down subsidiaries. The restructuring streamlines the group structure and converts existing inter-company exposures, but the ultimate holding and consolidated picture remain unchanged.