Prime Focus acquires 48.45% stake in Spanish animation studio Ánima Kitchent for Rs 13.7 crore

What Prime Focus announced

Prime Focus Limited (PFL) disclosed that its indirect subsidiary, Double Negative Films Limited (DNFL), has completed the acquisition of a 48.45% equity stake in Ánima Kitchent Canarias, S.L., a Spanish animation studio. The cash consideration paid by DNFL amounted to Rs 13,70,38,328 (approximately Rs 13.7 crore). The acquisition was finalized on 26 June 2026, and the company filed a Regulation 30 disclosure with the NSE and BSE on 27 June 2026.

Target company profile and transaction terms

Ánima Kitchent Canarias, incorporated in 2014 in Las Palmas de Gran Canaria, Spain, operates in the motion picture and video production sector, focusing on 2D and 3D animated content. The studio’s recent financials show a turnover of Rs 92 crore for FY 2025, up from Rs 65 crore in FY 2024 and Rs 59 crore in FY 2023. Its profit after tax (PAT) for FY 2025 was Rs 11 crore and its net worth stood at Rs 68 crore.

The acquisition was executed entirely through cash; no share swap or other instruments were involved. DNFL acquired a 48.45% shareholding, giving it a substantial minority stake but not outright control. The transaction is classified as a non‑related‑party deal, meaning no promoter or promoter‑group interest exists in the target entity.

Strategic rationale and partnership with SETT

Prime Focus highlighted that the deal provides access to Spanish animation production capabilities and opens new market opportunities in Europe. The company also mentioned a partnership with SETT (Sociedad Española para la Transformación Tecnológica), a Spanish government fund that has committed an overall investment of €24.9 million in Ánima Kitchent under a private‑public partnership framework. This collaboration is expected to enhance technology transfer, co‑production possibilities, and distribution channels for Prime Focus’s content.

Key facts at a glance

Why this matters for investors

The acquisition expands Prime Focus’s geographic footprint into Europe and adds a proven animation production house to its portfolio. Because the deal was funded entirely in cash, there is no immediate dilution of existing shareholders’ equity. The sizeable minority stake (48.45%) gives Prime Focus significant influence over Ánima Kitchent’s operations while retaining flexibility for future strategic moves, such as increasing the stake or entering joint ventures.

The partnership with SETT introduces a public‑private investment component that could bring additional capital and technology support to the Spanish studio, potentially improving its production capacity and profitability. The transaction is not a related‑party deal, reducing concerns about conflicts of interest. However, the filing notes that certain governmental or regulatory approvals are required; the company states that these will be obtained, but the exact timeline and conditions remain undisclosed.

Conclusion

Prime Focus, through Double Negative Films, has completed a cash acquisition of a 48.45% stake in Ánima Kitchent Canarias for roughly Rs 13.7 crore, thereby gaining a foothold in the European animation market and aligning with a Spanish government‑backed fund. The deal is non‑related‑party, was completed on 26 June 2026, and pending regulatory approvals are expected to be secured. Investors now have visibility into Prime Focus’s expanded capabilities, while the final impact on earnings will depend on the integration and performance of the Spanish studio.

"The acquisition provides Prime Focus access to Spanish animation production capabilities and markets," the filing states.