Damani, Madhu Kela joins Ranbir Kapoor to support this small cap; Suppose acquires via bulk deals. Shares rise 10%

Media and Entertainment Company Prime Focus has pulled Tenter Investors, with ACE market veterans Ramesh Damani, Madhusudan Kela ownership Singularity AMC, and Utpal SHETH AGE VIA Bulk and Block agreements on 5 September. After these ring recurrence, the shares of Prime Focus became their 10% upper circuit on the BSE.

According to NSE Bulk and Block Deal -Rameh Damani bought 8 Lakh shares on RS 142.55 per share, while Utpal SHETH acquired shares at the same price

Funds under Madhusudan Kela’s Singularity AMC have also made important bets: Singularity Large Value Fund II bought 18.5 Lakh shares and singularity Large Value Fund II Packed 30 Lakh shares, almost 2% interest in the company.

In the final round of investments, Fe Securities and Samyak also bought Enterprises, each bought 14.55 Lakh shares. All in all, selection framework investors acquired an interest of 3.3%, which translated into an infusion of approximately RS 146.2 Crore.

On the other hand, two large funds left the counter. Marina IV PTE LTD, based in Singapore, has discharged 38.91 LAKH shares (1.1% interest), while Augusta Investments I PTE LTD 54.48 Lakh shares sold (1.75% interest).

Their entry only a few months after the reported investments by actor Ranbir Kapoor in Prime Focus Studio, the Marktbuzz further in the company. After their purchase of interests, the shares of Prime Focus zoomed in 10% and were locked on their higher circuit of RS 173.90. The company had previously approved the issue of more than 46 crore shares, whereby Kapoor is aimed at acquiring around 12.5 Lakh shares under the proposed Allottes.

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Prime Focus was founded in 1997 by Namit Malhotra and emerged as a world leader in visual effects (VFX) and post production services. His subsidiary Double Negative (DNEG) has won several Academy Awards for films such as Tenet, Dune: Part One and Dune: Part Two, who brings his Oscar count to eight.

From June 30, Malhotra itself had 1.49 crore shares in the company, equal to an interest of 4.81%.

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