The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Novator Capital Ltd
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Novator Capital Limited, a Cyprus-based entity, has acquired 9,69,65,562 equity shares (16.50%) of Prime Focus Limited through a preferential allotment on a share-swap basis (consideration other than cash). Before this acquisition, Novator held zero shares in the company, so this is a fresh, large strategic entry rather than a top-up. The acquirer is explicitly classified as NOT part of the promoter/promoter group, making this an external investor move. As a result of the allotment, Prime Focus's total equity share capital expanded from 30,99,36,976 shares to 58,75,59,017 shares — nearly doubling. The acquisition date is September 17, 2025, and the disclosure was filed under SEBI Takeover Regulations, 2011.
Shareholders should note a new foreign investor now holds a significant 16.50% stake, which could influence board decisions and strategic direction going forward. The share-swap nature means no cash inflow to the company but a notable dilution of existing shareholders due to the near-doubling of share capital.