News ArticlePrime Focus Subsidiary Increases Stake in Spanish Animation Studio Ánima by 2.41% with INR 33.04 Crore Investment
Double Negative Films Limited raises its holding in Ánima Kitchent Canarias, S.L. to 50.86% through cash acquisition completed November 4, 2026
Prime Focus Limited's indirect subsidiary, Double Negative Films Limited, has acquired an additional 31,18,865 equity shares in Ánima Kitchent Canarias, S.L., raising its stake by 2.41% to a total of 50.86%. The acquisition involved a cash payment of INR 33.04 crore, completed on November 4, 2026. Ánima Kitchent Canarias, a Spanish animation studio with a Rs. 92 crore turnover in 2025, is supported by the Spanish Government fund SETT under a private-public partnership.
Prime Focus Limited
Acquisition / Amalgamation / Merger / Demerger
Prime Focus Limited's indirect subsidiary, Double Negative Films Limited (DNFL), has acquired an additional 31,18,865 shares in Spanish animation company Ánima Kitchent Canarias, S.L., increasing its stake by 2.41% and bringing total holding to 50.86%.
DNFL invested INR 33,04,74,935 in cash to acquire the shares on November 4, 2026, completing the transaction.
Ánima Kitchent Canarias, founded in 2014, specializes in producing high-quality 2D and 3D animated content and has a turnover of Rs. 92 crore as of 2025.
The investment aligns with a private-public partnership supported by the Spanish government fund SETT, which has committed Euro 24.9 million to Ánima Kitchent Canarias.
DNFL's acquisition grants Prime Focus enhanced access to Spanish animation production capabilities and markets.
Required regulatory approvals for the acquisition were obtained prior to completion.
Highlights
- Acquisition dated November 4, 2026, by DNFL, a subsidiary of Prime Focus Limited.
- Additional 31,18,865 shares acquired, increasing stake by 2.41%.
- Total DNFL ownership post-acquisition: 50.86%.
- Cash consideration paid: INR 33,04,74,935.
- Ánima Kitchent Canarias had a turnover of Rs. 92 crore and PAT of Rs. 11 crore as of 2025.
- Supported by Spanish government fund SETT under private-public partnership investment of Euro 24.9 million.
Key Data Snapshot
What happened
- Double Negative Films Limited, an indirect subsidiary of Prime Focus Limited, acquired an additional 31,18,865 equity shares in Ánima Kitchent Canarias, S.L.
- This acquisition raised DNFL's stake by 2.41%, resulting in total ownership of 50.86% in Ánima.
- The acquisition was completed on November 4, 2026, through cash consideration amounting to INR 33,04,74,935.
Key details
- Ánima Kitchent Canarias is a Spanish animation company founded in 2014, producing 2D and 3D animated content.
- The company's prominent entertainment brands include Cuquín, Lea & Pop, Titto Lizzardo, Tippi T-Rex, and PINY Institute of New York.
- Ánima's turnover increased from Rs. 59 crore in 2023 to Rs. 92 crore in 2025.
- The investment is part of a private-public partnership with the Spanish government fund SETT, which committed Euro 24.9 million to Ánima.
- All required governmental and regulatory approvals for the acquisition have been obtained.
Highlights
- Acquisition dated November 4, 2026, by DNFL, a subsidiary of Prime Focus Limited.
- Additional 31,18,865 shares acquired, increasing stake by 2.41%.
- Total DNFL ownership post-acquisition: 50.86%.
- Cash consideration paid: INR 33,04,74,935.
- Ánima Kitchent Canarias had a turnover of Rs. 92 crore and PAT of Rs. 11 crore as of 2025.
- Supported by Spanish government fund SETT under private-public partnership investment of Euro 24.9 million.
Disclosures
- SEBI Listing Regulations, 2015
- SEBI Master Circular HO/49/14/14(7)2025-CFD POD2/I/3762/2026 dated January 30, 2026
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