Prime Focus

Prime Focus Ltd has emerged from insolvency proceedings after the National Company Law Appellate Tribunal on July 10 set aside the Mumbai NCLT’s earlier admission order and closed the corporate insolvency resolution process against the company. The tribunal discharged the interim resolution professional, lifted the moratorium, and restored the company’s board of directors to full control. The NCLAT was also informed that no claims had been received against the company and that the parties had arrived at a conditional understanding to resolve their disputes. The ruling, which comes after a series of interim stays, effectively ends the insolvency threat that had clouded Prime Focus since early May. The company stated it continues to operate in the ordinary course and will disclose the written order once received.

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March 30 (Reuters) - Prime Focus Ltd PRFO.NS:

• ASSIGNS PROPRIETARY SOFTWARE FROM BRAHMA AI SERVICES INDIA TO BRAHMA AI ME LTD

• ASSIGNS PROPRIETARY SOFTWARE FROM PRIME FOCUS TECHNOLOGIES, INC. TO BRAHMA AI ME LTD

Source text: ID:nBSEbpg1G4

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March 11 (Reuters) - Prime Focus Ltd PRFO.NS:

• BRAHMA AI TO COLLABORATE WITH GOOGLE CLOUD TO SCALE INTERACTIVE DIGITAL HUMANS

Source text: ID:nNSE3ZJM4w

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Sept 29 (Reuters) - Prime Focus Ltd PRFO.NS:

• PRIME FOCUS LTD - PROPOSAL TO EVALUATE EXIT OPTION FOR UNITED AL SAQER GROUP IN DNEG

Source text: ID:nBSE2187JG

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June 30 (Reuters) - Prime Focus Ltd PRFO.NS:

• TO CONSIDER FUND RAISING THROUGH PREFERENTIAL ISSUE OF SHARES

Source text: ID:nBSEcdvC8b

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Feb 19 (Reuters) - Prime Focus Ltd PRFO.NS:

• BRAHMA ANNOUNCES ACQUISITION OF METAPHYSIC

• MERGER WITH A POST- TRANSACTION VALUATION OF BRAHMA OF $1.43 BILLION

• UASG AND DNEG TO INVEST $25 MILLION INTO BRAHMA

• METAPHYSIC'S INVESTORS TO BECOME BRAHMA SHAREHOLDERS

Source text: ID:nNSE2hYbxl

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Feb 18 (Reuters) - Prime Focus Ltd PRFO.NS:

• BRAHMA AI HOLDINGS TO RAISE $10 MILLION FROM UNITED AL SAQER GROUP

Source text: ID:nBSE5zv3JV

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Dec 20 (Reuters) - Prime Focus Ltd PRFO.NS:

• PRIME FOCUS - DNEG UK INCORPORATED UNIT BRAHMA AI HOLDINGS

Source text: ID:nNSEbFG01g

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Nov 11 (Reuters) - Prime Focus Ltd PRFO.NS:

• PRIME FOCUS LTD - TO CONSIDER PROPOSAL TO RAISE FUNDS

Source text: ID:nBSE74kGVw

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Feb 1 (Reuters) - Prime Focus Ltd PRFO.NS:

• APPROVED RAISING OF FUNDS VIA RIGHTS ISSUE OF SHARES

• APPROVED RAISING OF FUNDS WORTH UPTO 40 BILLION RUPEES

• ISSUE PRICE AT 90 RUPEES PER EQUITY SHARE

Source text for Eikon: ID:nNSE9z9bDC

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Jan 29 (Reuters) - Prime Focus Ltd PRFO.NS:

• PRIME FOCUS LTD - TO CONSIDER PROPOSAL FOR RAISING OF FUNDS

Source text for Eikon: ID:nBSE1HTXbK

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Dec 22 (Reuters) - Prime Focus Ltd PRFO.NS:

• OVERSEAS UNITS PROPOSED TO MERGE IN ACCORDANCE WITH LAWS OF NETHERLANDS AND GRAND DUCHY OF LUXEMBOURG

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Corrects fourth bullet to show stock move is as of last trade, not today's close

** Shares of Prime Focus PRFO.NS advance as much as ~8.4% to 101.75 rupees to hit its highest since Aug 7

** The entertainment production co says its unit entered share sale and purchase agreement with NaMa Capital Limited for transfer of 23.25% stake held in another unit to NaMa

** Nearly 1.1 mln shares change hands, 4.2 times their 30-day moving avg of 258,342 shares

** Stock has risen ~34.3% so far this year

(Reporting by Archishma Iyer)

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Sept 21 (Reuters) - Prime Focus Ltd PRFO.NS:

• UNIT ENTERED A SHARE SALE AND PURCHASE AGREEMENT WITH NAMA CAPITAL

• AGREEMENT FOR TRANSFER OF 23.25% SHARES HELD BY UNIT TO NAMA

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April 13 (Reuters) - Prime Focus Ltd PRFO.NS:

• PRIME FOCUS LTD - DNEG ENTERS INTO MOU TO ACQUIRE PRIME FOCUS TECHNOLOGIES' BUSINESS

• PRIME FOCUS LTD - ACQUISITION WILL ADD 1,700 EMPLOYEES TO DNEG'S GLOBAL HEADCOUNT

Source text for Eikon: ID:nBSE559Yfd

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