London/Mumbai, Dec 23 : London based Malhotra Family is set to make a mandatory open offer at Rs. 75 per share for Prime Focus. This way the Malhotra Family will acquire additional 35% shareholding of Prime Focus from Credit Suisse. Credit Suisse to sell 10.5 crore shares, representing 35% equity of Prime Focus, to the Malhotra family. Transaction is likely to be at Rs. 75 per share - significant premium to the ruling market price. Naresh Malhotra, Chairman Emeritus and Whole-time Director of Prime Focus is a veteran in the Indian M&E industry, best known for producing the Amitabh Bachchan starrer Shahenshah, Naresh realized early the potential boom in the Indian television industry. At the vanguard of the Prime Focus management is his son Namit Malhotra who is the Founder and Non Executive Director of the company. He is the grandson of cinematographer M.N. Malhotra. In 2006, Malhotra listed Prime Focus on the Indian stock exchanges and became MD & CEO of the newly-listed company. Prime Focus expanded globally with the launch of Prime Focus World (PFW), which acquired visual effects (VFX), broadcast and post-production facilities in London, New York, Los Angeles and Vancouver. In 2009, using Prime Focus World's proprietary View-D technology, the company converted Clash of the Titans into 3D. The work on this movie led to Prime Focus delivering stereo conversions for a number of other movie blockbusters, including: Star Wars: Episode I, Star Wars: Episode II, and Star Wars: Episode III; Harry Potter and the Deathly Hallows: Part 1 and Harry Potter and the Deathly Hallows: Part 2; The Chronicles of Narnia: The Voyage of the Dawn Treader; Wrath of the Titans; Transformers: Dark of the Moon; and Shrek 2. With the closure of this transaction, the promoters' shareholding, post acquisition, will increase from 35% to 70%. This transaction will attract mandatory open offer for acquisition of minimum 26% shares from the public, as per SEBI Takeover Regulations. Mandatory open offer to be for acquisition of minimum 26% shares from the public, as per SEBI Takeover Regulations. Mandatory Open Offer likely to be at Rs. 75 per share. Deal also envisages Credit Suisse to provide financing to Malhotra family for acquisition of shares. /IANS