Investment18 Feb 2025, 07:53 pm
Prime Focus Subsidiary Secures $10 Million Investment from Abu Dhabi-based United Al Sager Group
AI Summary
Prime Focus Limited's step-down subsidiary, Brahma Al Holdings Limited, has agreed to raise US$ 10 Million from United Al Sager Group, a leading Abu Dhabi-based investor. The transaction is expected to complete within ten business days of February 14, 2025. Brahma was incorporated on December 19, 2024, and does not belong to the promoter/promoter group/group companies. The investment does not fall under related party transactions and is not part of any scheme of arrangement.
Key Highlights
- Prime Focus Limited's subsidiary, Brahma Al Holdings Limited, to raise US$ 10 Million from United Al Sager Group
- Brahma was incorporated on December 19, 2024
- The transaction is expected to complete within ten business days of February 14, 2025
- Brahma does not belong to the promoter/promoter group/group companies
- The investment is not a related party transaction and is not part of any scheme of arrangement