Private equity in India

Multiples' $2 billion price on Brahma AI puts Prime Focus's stake at almost half its market value

Multiples is paying $100 million for 5% of Brahma AI at $2 billion post-money, putting the Prime Focus group's 65.67% at about $1.3 billion. The stake equals 47% of the parent's $2.8 billion market value, on a price paid for preferred shares with undisclosed rights.