Prime Focus shares hit 10% upper circuit as Ramesh Damani and other top investors acquire stake; check details

Prime Focus shares hit the 10% upper circuit for the second consecutive day after marquee investors like Ramesh Damani, Madhusudan Kela, and Utpal Sheth bought a stake in the company via a block deal.

NSE block deal data shows, Madhusudan Kela-owned Singularity AMC has brought a 2.01% stake in the company through its various funds at ₹142.55 per share. Meanwhile, Ramesh Damani acquired 8 lakh shares, and Utpal H Sheth bought 17.5 lakh shares. FE Securities and Samyak Enterprises were other key investors to acquire 7.5 lakh and 7.05 lakh equity shares in the company.

Meanwhile, current investors in the Prime Focus, including Marina IV (Singapore), Marina IV, and Augusta Investments I, offloaded their stake at the same price via a block deal.

Prime Focus has been listed on the stock exchange since 2006. The company is engaged in post-production activities, including digital intermediate, visual effects, 2D to 3D conversion, and other technical and creative services. It mainly serves the media and entertainment industry. The company has been in the news in recent weeks after its production of movie Ramayana movie teaser was released.

In February 2025, the company’s step-down subsidiary, DNEG, a leading visual effects (VFX) company, won the Visual Effects Oscar for its work on the movie Dune: Part Two at the 97th Academy Awards®.

Prime Focus acquired DNEG in 2014. The combined strength of both companies has led to an extraordinary seven Oscar wins in just 10 years, solidifying their impact on the global visual effects industry.