In a notable development for Prime Focus (INE367G01038), several prominent market veterans have made substantial share purchases in a block deal on Friday, signaling increased interest in the company.

Key Acquisitions

• Ramesh Damani, a well-known investor, acquired 8 lakh shares at ₹142.55 per share.
• Utpal Sheth bought 17.5 lakh shares, also at ₹142.55 per share.
• Singlarity Large Value Fund I, owned by Madhusudan Kela, made the largest purchase of 62.5 lakh shares at the same price.

Sellers in the Block Deal

The sellers in this transaction included:

• Augusta Investments I Pte. Ltd., which sold 54.4 lakh shares
• Marina IV (Singapore) Pte. Ltd., divesting 38.9 lakh shares
• Marina IV LP, selling 9.15 lakh shares

Impact on Shareholding

This block deal marks a significant shift in Prime Focus's ownership structure. Prior to this transaction, none of the buyers held stakes in the company, according to the June shareholding data. The company's market capitalization stands at approximately ₹4,900.00 crore.

Previous Shareholding Pattern

As of June, the shareholding pattern of Prime Focus was as follows:

Stock Performance

Prime Focus shares closed at ₹158.37 on Friday, hitting the 10% upper circuit.

Market Implications

The entry of these market veterans into Prime Focus could be seen as a vote of confidence in the company's prospects. Their substantial purchases might attract further investor attention to the stock in the coming days.

This block deal represents a significant change in the company's institutional ownership, potentially influencing its future direction and market perception. Investors and market watchers will likely keep a close eye on any subsequent developments or strategic moves by Prime Focus following this high-profile transaction.

Prime Focus , the visual effects company backed by Bollywood actor Ranbir Kapoor, saw its shares hit the 10% upper circuit limit at Rs 158.10 on the Bombay Stock Exchange (BSE) following a significant block deal. The transaction involved 47.5 lakh shares, representing a 1.53% equity stake in the company.

Stake Reduction by Marina IV L.P.

Marina IV L.P. and its four associated entities sold 7,789,590 shares of Prime Focus Limited through open market transactions. This sale resulted in a decrease of their collective stake from 21.23% to 18.71% of the company's total share capital.

The seller group includes:

• Marina IV L.P. (primary seller)
• Marina IV (Singapore) Pte. Ltd.
• Marina Horizon (Singapore) Pte. Ltd.
• Augusta Investments Zero Pte. Ltd.
• Augusta Investments I Pte. Ltd.

It's worth noting that these entities are not part of Prime Focus Limited's promoter group.

Block Deal Details

While the specific parties involved in the recent block deal were not immediately disclosed, the transaction has sparked investor interest in Prime Focus, known for its work in the visual effects industry.

Ranbir Kapoor's Investment

Prime Focus has been in the spotlight recently due to Ranbir Kapoor's reported investment of Rs 15-20 crore through a preferential share issue. The company had previously approved the issuance of over 46 crore shares, with Kapoor among the proposed allottees for approximately 12.5 lakh shares.

Company Background

Founded by Namit Malhotra in 1997, Prime Focus has established itself as a prominent player in the visual effects industry. The company's subsidiary, Double Negative, has garnered significant acclaim, winning eight Academy Awards for its work on films such as TENET and Dune.

Upcoming Projects

Adding to the company's appeal is its involvement in the production of the highly anticipated Ramayana movie, which has generated considerable buzz in the entertainment industry.

Stock Performance

Prime Focus shares have shown strong performance in recent months:

Despite a slight decline in the past month, the overall trend indicates growing investor confidence in the company's prospects.

The recent block deal, the upper circuit limit reached by Prime Focus shares, and the stake reduction by Marina IV L.P. and its associates underscore the dynamic nature of the company's ownership structure and the market's continued interest in its potential. As the visual effects industry continues to play a crucial role in filmmaking, Prime Focus appears well-positioned to capitalize on its expertise and high-profile projects.