Synopsis:
Ramesh Damani, Singularity AMC, and others acquired a 3.31 percent stake worth Rs. 146.2 crore, while Marina IV and Augusta Investments reduced their holdings in the company.
During Monday’s trading session, shares of the world’s largest independent integrated media services company hit a 10 percent upper circuit, after Ramesh Damani, Madhusudan Kela-owned firm, and others collectively bought a 3.31 percent stake worth Rs. 146.2 crores.
With a market cap of Rs. 5,389.8 crores, the shares of Prime Focus Limited hit a 10 percent upper circuit at Rs. 173.9 on BSE, as against its previous closing price of Rs. 158.1. The stock has delivered positive returns of over 22 percent in one year, and has gained by around 12 percent in the last one month.
What’s the News
According to the latest bulk and block deals reported on the NSE, Ramesh Damani, Utpal Sheth, FE Securities, and Samyak Enterprises, Madhusudan Kela-owned Singularity AMC, have collectively acquired a 3.31 percent stake in the company for Rs. 146.2 crore.
Singularity Large Value Fund I, II, and III, managed by Madhusudan Kela and his son Yash Kela, purchased 62.5 lakh shares (or a 2.02 percent stake) at Rs. 142.55 per share. Ramesh Shrichand Damani and Utpal H Sheth acquired 8 lakh shares and 17.5 lakh equity shares, respectively, at the same price, while FE Securities and Samyak Enterprises bought a total of 14.55 lakh shares.
However, on the sell side, Marina IV (Singapore) and Marina IV LP together sold around 48.06 lakh shares (or a 1.56 percent stake), and Augusta Investments I offloaded nearly 54.48 lakh equity shares (a 1.76 percent stake) at the same price. As of June 2025, Augusta Investments I held an 8.86 percent stake, and Marina IV (Singapore) held a 7.55 percent stake in the company.
Financials & more
Prime Focus reported a marginal growth in its revenue from operations, showing a year-on-year increase of around 26 percent from Rs. 813 crores in Q1 FY25 to Rs. 1,023 crores in Q1 FY26. Likewise, the company reported an improvement of Rs. 268 crore, moving from a loss of Rs. 158 crore to a profit of Rs. 110 crore during the same period.
Prime Focus Limited is engaged in the business of post-production activities, including digital intermediate and other technical & creative services to the Media and Entertainment industry.
Written by Shivani Singh
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