The shares of Prime Focus, backed by Ranbir Kapoor, soared, reflecting investor confidence. The stock hit the 10% upper circuit, driven by a large block
deal and Kapoor's strategic investment.
Kapoor's Impact
The stock gained momentum since the teaser of the film 'Ramayana' was released. Ranbir Kapoor reportedly invested ₹15–20 crore in Prime Focus Studio, with Kapoor slated to acquire 12.5 lakh shares through a preferential issue of over 46 crore shares.
Market Performance
On September 5, Prime Focus shares surged 10%, reaching ₹158.37 after a block deal. Over 1.5% of the stake changed hands. The company has demonstrated robust growth, with a 62% rally in the past six months and a 300% surge over five years.
Block Deal Details
Approximately 47.5 lakh shares, constituting 1.53% of the equity stake, were traded in the block deal. As of June 30, Namit Malhotra held 1.49 crore shares, which is equivalent to a 4.81% stake, according to NSE shareholding data.
Company Overview
Prime Focus was founded in a Mumbai garage in 1997 by Namit Malhotra. The company expanded globally by acquiring DNEG in 2014. DNEG has won several Academy Awards, including for TENET, Dune: Part One, and Dune: Part Two. Prime Focus is known for its visual effects, animation, and post-production services.
