Prime Focus has 12M shares change hands in a block trade

Prime Focus has 12M shares change hands in a block trade

September 02, 2025

In a significant move in the Indian stock market, Prime Focus Technologies witnessed a substantial block trade on Friday, where approximately 12 million shares were traded. The transaction saw a diverse group of buyers, including prominent market veterans and institutional investors, acquiring a significant stake in the company.

According to data from the exchanges, Ramesh Damani, a well-known market analyst, purchased 8 lakh shares at ₹142.55 each, while Utpal Sheth bought 17.5 lakh shares at the same price. Madhusudan Kela's fund, Singularity Large Value Fund I, was also a notable buyer, acquiring 62.5 lakh shares in the deal [1].

Augusta Investments I Pte. Ltd. and Marina IV (Singapore) Pte. Ltd. were the sellers, disposing of 54.4 lakh and 38.9 lakh shares, respectively. Other buyers included Samyak Enterprises and FE Securities, which purchased over 7 lakh shares each. Notably, none of these buyers had any prior stake in Prime Focus, as per the June shareholding pattern [1].

The transaction comes amidst a period of strong performance for Prime Focus. The company's shares have gained 13% so far in 2025, and the stock ended in a 10% upper circuit on Friday at ₹158.37. The company's net sales for June 2023 were reported at Rs 1,210.29 crore, up by 17.72% year-over-year. The technical rating for Prime Focus is currently "VERY BULLISH," indicating a positive outlook [2].

Prime Focus Technologies, a media and entertainment company, has been making strategic moves to unlock new revenue streams. Recently, the company collaborated with Microsoft to leverage Active Archives, which could significantly enhance its revenue potential [2].

This block trade is a significant development for Prime Focus, indicating strong investor interest and confidence in the company's future prospects. The transaction highlights the ongoing demand for quality stocks in the Indian market.

References:
[1] https://www.cnbctv18.com/market/prime-focus-share-price-ramesh-damani-madhu-kela-fund-utpal-sheth-buyers-augusta-marina-sellers-returns-stake-19666065.htm
[2] https://www.moneycontrol.com/india/stockpricequote/mediaentertainment/primefocus/PF13