Prime Focus has executed share purchase agreement with Gener8 India Media Services (Gener8) and DNEG Creative Services (DNEG) for sale of 100% equity shares by the company of its wholly owned subsidiary, Gener8 to DNEG, a subsidiary of the company. The consideration for the sale/disposal would be up to Rs 130.98 crore.
Prime Focus the world’s largest independent integrated media services powerhouse, employs over 9,000 professionals in 19 cities across 5 continents and 7 time zones.