BusinessIncome Tax Raids Producer Namit Malhotra's Mumbai Offices Ahead of Ramayana Release
The Income Tax Department conducted raids at multiple Mumbai locations linked to Prime Focus Limited, founded by producer Namit Malhotra. The searches targeted offices and financial advisers amid investigations into alleged foreign remittances and tax irregularities. This comes as Malhotra's two-part epic Ramayana, starring Ranbir Kapoor, Sai Pallavi, and Yash, is set for release. The film reportedly has a budget of around Rs 4,000 crore. The raids caused Prime Focus Limited's shares to drop about 8%.
NDTV Movies··Mumbai


