By Admin 
Prime focus shares: Prime Focus shares are riding a rocket today. The company’s shares have an upper circuit today. Prime’s focus shares jumped 10 percent on September 5 to reach an upper circuit of Rs 158.37 per share. According to the CNBC-TV18 report, it has happened after transfer of more than 1.5 percent stake in the company in a large block deal.
Transaction of so many lakhs in block deal
This block deal is believed to be the reason for this boom in the company’s shares, under which 47.5 lakh shares of Prime Focus were transacted. However, it has not been revealed yet who has sold shares in this block deal and who has bought it.
Ranbir has so many lakhs of company shares
After the launch of the teaser of the film ‘Ramayana’ in July this year, the Prime Focus shares caught the attention of the investors. It was claimed in several media reports that Ranbir Kapoor has invested Rs 15-20 crore in Prime Focus Studio. The company had earlier approved the preferred issue of more than 46 crore shares, after which many more investors like actor Ranbir Kapoor invested in it. Ranbir bought 12.5 lakh shares of the company for Rs 15-20 crore.
Started with a garage
In 1997, Namit Malhotra started a company price focus associated with media and entertainment sector in a Garaj in Mumbai. The company provides services related to digital media, animation, VFX and post production. According to data from the company’s shareholding pattern available on NSE, till June 30 this year Namit Malhotra had 1.49 crore shares, which is equal to 4.81 percent stake in the company.
In 2014, the company acquired the International Visual Effects Company Double Negative / Dneg. After this, it won the Academy Awards for its work in Tetnet, Dune: Part One and Dune: Part Two, which made its Oscar awards to eight.
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