Prime Focus Subsidiary Acquires 48.45% Stake in Spanish Animation Studio Ánima Kitchent
Prime Focus Limited's subsidiary, DNFL, acquired 48.45% of Spanish animation studio Ánima Kitchent for ₹13.70 crore. The studio has a turnover of ₹92 crore and PAT of ₹11 crore. The acquisition provides access to Spanish animation markets and involves a partnership with a Spanish Government fund.
The acquisition is of a subsidiary and represents a strategic expansion into a new market. While positive, the direct financial impact on the parent company's immediate financials might be moderate.
The acquisition of a stake in a Spanish animation studio diversifies the company's operations and market reach, indicating a positive strategic move.
Prime Focus Limited (PFL) has announced that its indirect subsidiary, Double Negative Films Limited (DNFL), has acquired a 48.45% equity stake in the Spanish animation studio, Ánima Kitchent Canarias, S.L. The acquisition, completed on June 26, 2026, was made for a cash consideration of ₹13,70,38,328.
Ánima Kitchent, incorporated in Spain, specializes in motion picture and video production. The studio reported a turnover of ₹92 crore, Profit After Tax (PAT) of ₹11 crore, and a net worth of ₹68 crore. This acquisition is strategic, aiming to grant PFL access to Spanish animation production capabilities and markets, and involves a partnership with SETT, a Spanish Government fund that has committed €24.9 million to Ánima Kitchent Canarias, S.L. under a private-public partnership.
The acquisition is not a related party transaction. Ánima Kitchent, founded in 2014, is known for producing high-quality 2D and 3D animated content, with prominent brands including Cuquín and Lea & Pop. The company's turnover for the past three years was ₹92 crore (2025), ₹65 crore (2024), and ₹59 crore (2023). Necessary approvals from relevant authorities are being obtained or have been obtained.
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Prime Focus Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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