By: Abid, IndiaFM
Tuesday, September 05, 2006
Amitabh Bachchan's company AB Corps has postponed the idea of going
public, at least for the time being. As may be recalled Amitabh
Bachchan had said in a recent television interview that his company
had already submitted the Red Herring prospectus to the SEBI
(Securities and Exchange Board of India) and will produce two
movies annually, in addition to plans of a studio.
According to sources the reason for the above development is the
volatile state of the stock market.
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