<ul data-eligibleForWebStory="false"><li>Prime Focus shares surged by 5% on Friday and have gained 50% in the last month after acquiring additional shares in its subsidiary, DNEG, through preferential allotment.</li><li>Through a private placement, Prime Focus will issue up to 46.26 crore shares at Rs 120 per share for a total consideration of over Rs 5,552 crore to certain allotees, consolidating its stake in DNEG.</li><li>DNEG is a significant player in stereo 3D conversion, visual effects, animation, and immersive content industry. Prime Focus's ownership in DNEG will increase to 88.28% post acquiring an additional 31.05% stake through the share swap.</li><li>Prime Focus has scheduled an Extraordinary General Meeting on July 26, 2025, to seek shareholder approval for the proposals. An investment agreement with DNEG and proposed allottee Novator Capital Ltd. will grant special rights to Novator Capital, giving them a 14.40% stake in Prime Focus post the issue.</li></ul>

Prime Focus Shares Soar As Strategic DNEG Acquisition Fuels Rally

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