BSE •
Prime Focus shareholders approved a proposal to raise funds up to Rs 3,000 Crore through equity, debt, or other permissible securities. Additionally, they approved the redesignation of Namit Naresh Malhotra from Non-Executive Director to Whole-time Director for a three-year term.
Shareholders also approved material related-party transactions, including DNEG transferring its entire stake in Brahma AI Services India to Brahma AI Holdings for USD 90.1 Million, and the transfer of Prime Focus Technologies Inc. to DNEG for around USD 21 Million.