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Prime Focus shareholders approve USD 111.09 million transfer to DNEG subsidiary
30-Sep-2026, 08:53

Prime Focus Limited disclosed that its shareholders approved a related party transaction involving the transfer of equity shares of Brahma AI Services India Limited (formerly Prime Focus Technologies Limited) and Prime Focus Technologies Inc. to DNEG S.a.r.l., a subsidiary of the company. The transaction, valued at USD 90.09 million and USD 21 million respectively, is being conducted at arm’s length. Additionally, shareholders authorized the company to raise up to INR 3,000 crore through the issuance of equity shares or debt securities via various mechanisms. The company also announced the change in designation of Mr. Namit Malhotra from Non-Executive Director to Whole Time Director, effective August 7, 2026.