Prime Focus has executed a business transfer agreement (BTA) with DNEG Creative Services (DNEG), a subsidiary of the company, for sale of its business division, VFX business, as a going concern, on a slump sale basis, by the company to DNEG, for a consideration of up to Rs 270 crore, subject to closing adjustments, if any, as specified in the BTA.
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.
