Acquisitions5 Nov 2026, 07:42 pm
Prime Focus Subsidiary Increases Stake in Anima Kitchent Canarias
AI Summary
Prime Focus Limited's indirect subsidiary, Double Negative Films Limited (DNFL), has acquired an additional 31,18,865 equity shares in Anima Kitchent Canarias, S.L. (Anima), increasing DNFL's shareholding by 2.41%. The total cash consideration for this acquisition was INR 33,04,74,935/-. Post-acquisition, DNFL holds a 50.86% stake in Anima. This move aims to enhance access to Spanish animation production capabilities and markets. Anima Kitchent Canarias, S.L. is a Spanish animation studio founded in 2014, with a turnover of Rs. 92 crore, PAT of Rs. 11 crore, and net worth of Rs. 68 crore. The acquisition is part of a larger investment agreement with SETT, a Spanish Government fund.
Key Highlights
- DNFL increases stake in Anima Kitchent Canarias by 2.41%.
- Cash consideration of INR 33,04,74,935/- paid for the shares.
- DNFL's post-acquisition shareholding in Anima is now 50.86%.
- Acquisition aims to leverage Spanish animation production capabilities and markets.
- Anima Kitchent Canarias reported Rs. 92 crore turnover in FY25.
Price Impact
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