Prime Focus raises stake in Spanish animation studio Anima to 50.86%
- Mergers & acquisitions
- Media and entertainment
Reviewed byKeshav SehgalBlacklitt Research
Prime Focus (NSE: PFOCUS) said in a filing on 05 Nov 2026 that its indirect subsidiary Double Negative Films Limited bought 31,18,865 equity shares in Ánima Kitchent Canarias, S.L., raising its holding by 2.41% to 50.86% for ₹33.05 crore. The Spanish animation studio reported turnover of ₹92 crore for 2025.
Key highlights
- Shares acquired: 31,18,865 equity shares
- Holding after acquisition: 50.86%, up 2.41%
- Cash paid: ₹33.05 crore
- Anima 2025 turnover ₹92 crore, PAT ₹11 crore
The further acquisition in numbers
| Item | Detail |
|---|---|
| Acquirer | Double Negative Films Limited, an indirect subsidiary of Prime Focus |
| Target | Ánima Kitchent Canarias, S.L. (Anima), a Spanish animation studio |
| Shares acquired | 31,18,865 equity shares |
| Increase in holding | 2.41% |
| Holding after acquisition | 50.86% |
| Cost of acquisition | ₹33.05 crore, paid in cash |
| Completed | 04 Nov 2026 |
What the further investment adds
The filing states that the acquisition was completed on 04 Nov 2026 and that the required governmental or regulatory approvals have been obtained.
The investment was made under the Investment Agreement dated 26 Jun 2026 between DNFL, the Spanish Government fund SETT and other parties. The filing says SETT has committed an overall investment of Euro 24.9 million in Anima under a private-public partnership.
Anima's size against the step
Anima's turnover was ₹92 crore in 2025, ₹65 crore in 2024 and ₹59 crore in 2023, and its profit after tax for the latest year was ₹11 crore. Its net worth is ₹68 crore, so the ₹33.05 crore investment equals about 49% of that net worth.
The company describes Anima as a studio founded in 2014 that produces 2D and 3D animated content, with brands including Cuquín, Lea & Pop and Tippi T-Rex. The stated objectives are access to Spanish animation production capabilities and markets, and a partnership with SETT.
What the Anima stake increase means for Prime Focus shareholders
Prime Focus's indirect subsidiary now holds a majority of 50.86% in Anima, which is a holding of an investee of DNFL rather than a direct holding of Prime Focus. The filing does not say what the total value of DNFL's stake is after the acquisition, the price per share paid, or how the purchase affects Prime Focus's consolidated financials.
The filing contains no further dated step beyond the completion on 04 Nov 2026.
Filed with BSE on . Reference: Original filing (PDF)
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