Prime Focus in talks to buy 'Spirit DI'

Prime Focus Ltd has announced that the Company is in an advanced stage of talks with Hyderabad based Suresh Productions Pvt Ltd, for the buyout and takeover of its post production arm branded 'Spirit DI'. This is a part of the Company's domestic expansion plan outlined in the IP0 completed in June 2006.

The current move is aimed at providing quality post production services to the Telugu film industry, which has a significant number of movies now involving and budgeting for Visual effects (VFX) and Digital Intermediate (DI).

The Company also commissioned its Chennai facility catering to the Tamil film industry in September 2006.

Source : Equity Bulls

Keywords