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Board approved USD 100m CCPS funding from Multiples into Brahma AI Holdings and Brahma India; round targeted at USD 150m with further USD 150m demand indicated. First external PE funding for Brahma AI platform; validates AI/Tech pillar and enables standalone split from DNEG. Cash primary raise unlike prior swap-driven equity expansion. PFL keeps 65.67% economic but voting capped at 24.99%; units become associates. Founder to name 3/6 directors, PFL 1. Needs shareholder & regulatory nods; valuation, use of proceeds not disclosed.
Prime Focus-Backed Brahma AI Raises $150 Million At $2 Billion Valuation
Prime Focus Approves $100 Million Brahma AI Raise Ceding Subsidiary Control
Prime Focus Approves Fund Raise Of Up To ₹3,000 Crore
Prime Focus Approves Fund Raise Of Up To ₹3,000 Crore
Prime Focus Board Approves Fund Raise Up To ₹3,000 Crore