Reliance MediaWorks - Prime Focus deal gets CCI’s approval

16 Dec 2014 Evaluate

Fair trade regulator, Competition Commission of India (CCI) has given approval to Reliance MediaWorks’ proposed transfer of entertainment business to Prime Focus. According to the Competition Commission, the deal, which would create an entity with a combined turnover of over Rs 1,800 crore, is not likely to have appreciable adverse effect on competition in India.

The multi-layered deal includes the infusion of Rs 120 crore by Reliance MediaWorks in Prime Focus for a 30.2% stake-buy, while existing promoters of Prime Focus would also pump in a similar amount.

Reliance MediaWorks has a leading and comprehensive presence in Film and Media Services: Motion Picture Processing and DI; Film, Audio Restoration and Image Enhancement; 3D; Digital Mastering: Studios and Equipment rentals; Visual Effects; Animation; Broadcast and TVC Post Production with presence across India, USA and the UK.

 

Peers
Company Name CMP
PVR 1320.55
Saregama India 345.90
Eros Internatl.Media 17.92
Shemaroo Entertain. 141.50
Balaji Telefilms 72.90
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