Sunshine Pictures, led by Vipul Amrutlal Shah, plans to raise around ₹500 crore through an IPO. The funds will help the production house scale up amidst a tough environment in the Hindi film industry. The company intends to file a draft red herring prospectus soon.
Big investors ditch tech ahead of expected September stocks slump
Big investors, fearful of September’s typical seasonal declines, exited profitable stock positions on Tuesday, according to investors and trading company research, a sign the selloff