# Prime Focus's Double Negative Films Raises Ánima Kitchent Stake to 50.86% for ₹33 Crore

> Double Negative Films paid ₹33.05 crore for 2.41% more of Spain's Ánima Kitchent, lifting its holding to 50.86% in a deal tied to a €24.9 million SETT commitment.

- Published: 2026-11-05T19:07:01+00:00
- Section: Mergers & Acquisitions
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-05/prime-focus-anima-kitchent-stake
- Source: [ScanX](https://scanx.trade/stock-market-news/companies/prime-focus-subsidiary-acquires-2-41-stake-anima-kitchent-33-crore/55449676)

## Key takeaways

- Double Negative Films bought 31,18,865 Ánima Kitchent shares for ₹33,04,74,935 in cash, raising its stake to 50.86%.
- Ánima Kitchent reported FY25 turnover of ₹92 crore and profit after tax of ₹11 crore.
- SETT, a Spanish government fund, committed €24.9 million to Ánima under a private-public partnership framework.

Prime Focus Limited's indirect subsidiary Double Negative Films Limited bought 2.41% more of Spanish animation studio Ánima Kitchent Canarias, S.L. for ₹33.05 crore in cash, lifting its holding to 50.86%. [ScanX](https://scanx.trade/stock-market-news/companies/prime-focus-subsidiary-acquires-2-41-stake-anima-kitchent-33-crore/55449676) said the transaction completed on November 4, 2026.

[Prime Focus](https://akta.pro/company-profiles/000328s/prime-focus) is a Mumbai-based media services company whose subsidiaries include [DNEG](https://akta.pro/company-profiles/000095d/dneg), ReDefine, Prime Focus Studios and BRAHMA AI. Ánima Kitchent, founded in 2014, produces 2D and 3D animated content, including the brands Cuquín, Lea & Pop, Titto Lizzardo, Tippi T-Rex and PINY Institute of New York.

## Double Negative Films' ₹33 Crore Ánima Purchase

Double Negative Films acquired 31,18,865 equity shares of Ánima for ₹33,04,74,935, according to the filing. The purchase was made at arm's length, and no related party interest was disclosed for the promoter or promoter group in the target.

The investment agreement dated June 26, 2026 set the terms for the further investment, and the filing said all necessary governmental and regulatory approvals were obtained before completion. Prime Focus said the move supports its strategy to access Spanish animation production capabilities and markets.

The transaction sits alongside a partnership with SETT (Sociedad Española para la Transformación Tecnológica), a Spanish government fund that committed €24.9 million to Ánima under a private-public partnership framework. The European Commission approved a joint venture between Telefónica, ACS, Santander and [SETT](https://akta.pro/company-profiles/0007lrj/sett) to develop a proposed AI gigafactory in Spain, Eleconomista reported on August 20, 2026.

## Ánima Kitchent's Revenue Growth

According to akta.pro [company records](https://akta.pro/company-data), Prime Focus reported revenue of Rs 4,587.32 crore for the full year ended March 2026, up 29.66% from Rs 3,539 crore, and net profit of Rs 218.76 crore for FY26 against a net loss of Rs 377.11 crore previously. The same records list three funding rounds, including a $16.6 million post-IPO secondary in September 2025 led by Singularity AMC.

Ánima's turnover rose from ₹59 crore in FY23 to ₹65 crore in FY24 and ₹92 crore in FY25, with FY25 profit after tax of ₹11 crore and net worth of ₹68 crore, the filing showed.

## Prime Focus's Brahma AI Investment

On September 23, 2026, Prime Focus's board approved a $100 million investment from Multiples Private Equity across two entities, part of a $150 million round valuing Brahma AI at $2 billion, NDTV Profit reported. On October 7, 2026, the Income Tax Department raided Prime Focus's Mumbai offices over foreign remittances, TimesNow reported.

## Prime Focus's November 7 Shareholder Meeting

Prime Focus scheduled an Extra-Ordinary General Meeting for November 7, 2026, at 12:30 pm via video conferencing to seek approval for the cessation of control over Brahma AI Holdings and Brahma AI Services India, with remote e-voting open from November 3 to November 6, 2026.

## Companies in this story

- [Prime Focus company profile](https://akta.pro/company-profiles/000328s/prime-focus) · website: http://www.primefocus.com
- [SETT company profile](https://akta.pro/company-profiles/0007lrj/sett) · website: https://sett.gob.es
- [DNEG company profile](https://akta.pro/company-profiles/000095d/dneg) · website: http://www.dneg.com

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