Prime Focus Ltd Increases Majority Stake in Spanish Animation Studio

Prime Focus Ltd has acquired an additional 2.41% stake in Ánima Kitchent Canarias, S.L. for Rs 33.05 crore, taking total holding to 50.86%.

Reader Takeaway: Prime Focus gains majority control in a Spanish studio, bolstered by government-backed capital in a strategic market expansion.

What just happened

Prime Focus Ltd informed the BSE that its indirect subsidiary, Double Negative Films Limited (DNFL), successfully completed the acquisition of 3,118,865 equity shares in Ánima Kitchent Canarias, S.L. The cash-based transaction, valued at approximately Rs 33.05 crore, elevates the subsidiary's stake from its previous levels to a majority position of 50.86%.

Why this matters

Achieving majority control is a strategic milestone that integrates Ánima Kitchent Canarias into the Prime Focus ecosystem more deeply. The investment is part of a broader private-public partnership involving SETT, a Spanish government fund that has committed Euro 24.9 million to the target entity. This ensures not only production capacity but also local government-backed institutional support.

The backstory

Founded in 2014, Ánima Kitchent Canarias, S.L. is a specialized animation studio focused on 2D and 3D content. The studio has shown consistent growth, with its turnover rising from Rs 59 crore in 2023 to Rs 92 crore in 2025. The target entity reported a net worth of Rs 68 crore and a net profit of Rs 11 crore in the latest disclosures.

What changes now

Prime Focus now controls the strategic direction of this Spanish entity. This move provides the company with enhanced access to the Spanish animation market and leverages existing talent and technical infrastructure to support Prime Focus's international production pipeline.

Context metrics

Turnover for the target entity climbed from Rs 59 crore (2023) to Rs 65 crore (2024) and reached Rs 92 crore in 2025. The transaction was finalized on November 04, 2026, following all required regulatory approvals.