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Report: Wanda, Tencent, Alibaba mull stake in visual effects company

India's Reliance Capital Ltd. is looking to sell its 35.1% stake in media services company Prime Focus, with potential buyers including China's Dalian Wanda Group Co. Ltd., Tencent Holdings Ltd. and Alibaba Group Holding Ltd., The Economic Times (India) reported April 5, citing sources aware of the development.

The sources added that Standard Chartered Private Equity is also considering selling off some or all of its 21.9% stake in India-based Prime Focus, which specializes in visual effects, animation and post-production services for film and TV projects.

The company is linked to Academy Award-winning visual effects work in the Hollywood films "Inception," "Interstellar" and "Ex Machina."

Prime Focus founder, executive chairman and global CEO Namit Malhotra would likely continue to helm the company after the stake sale, according to the report. Malhotra and his family own a 35% stake.

Reliance Capital's parent Reliance Group and Standard Chartered both declined to comment on the matter, while Wanda, Tencent and Alibaba did not immediately respond to requests for comment.