AB Corps holds back plans of going public

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.