Ramayana producer Namit Malhotra's Prime Focus offices face Income Tax raids weeks before Ranbir Kapoor, Yash's film release
Here's the latest update from the Bollywood world:
Filmmaker Namit Malhotra is gearing up for the rollout of his soon-to-release movie, Ramayana . However, according to a report by CNBC-TV18, just a few weeks before its rollout, the Income Tax Department as per reports launched searches at the Mumbai offices of the filmmaker's company, Prime Focus Ltd.
Adding to this, Namit Malhotra backed Ramayana to rollout on Diwali 2026. IT Raids at Namit Malhotra's Prime Focus Studios The Income Tax Department's action as per reports began on October 7 and continued into Wednesday morning, with searches also being carried out at the premises of individuals associated with Prime Focus. The searches are shared to be linked to certain foreign remittance transactions, although details about the specific transactions being examined have not been disclosed. The development also weighed on Prime Focus' stock, which as per reports dropped around 8% in morning trading on October 7.
Meanwhile, Founded by Namit Malhotra in 1997, Prime Focus Studios began in Mumbai and has since grown into a global company providing visual effects, post-production, animation and technology services to the movie and television industries.
Notably, Prime Focus is also closely associated with DNEG, the Oscar-winning visual-effects company that became part of the wider Prime Focus ecosystem. DNEG has won eight Oscars for Best Visual Effects, including for Inception, Interstellar, Blade Runner 2049, First Man, Tenet, Dune: Part One and Dune: Part Two. Namit Malhotra's Prime Focus Ltd is now also backing Ramayana, which is being mounted as a global-scale cinematic spectacle.
As per the latest buzz, Helmed by Nitesh Tiwari, Ramayana is an epic mythological movie based on Valmiki's ancient Sanskrit epic. The movie is backed by Namit Malhotra and Yash under Prime Focus Studios, Monster Mind Creations and DNEG. It stars Ranbir Kapoor as Lord Rama, Ravi Dubey as Lakshman, Sai Pallavi as Sita, Sunny Deol as Lord Hanuman and Yash as Ravana, along with Anupam Kher, Kajal Aggarwal, Rakul Preet Singh, Vivek Oberoi, Kunal Kapoor, Adinath Kothare, Arun Govil, Indira Krishnan and Lara Dutta in key roles.
In further updates, Mounted on a reported budget of ₹ 4,000 crore rupees, the movie is shared to be one of the most expensive and ambitious projects in Indian cinema. Talking about the movie at San Diego Comic-Con, Namit shared, "Ramayana is like Avatar meets Gladiator in the world of Lord of the Rings like so if you can put that together. Lord Vishnu, who's the protector of all life, has to come as an avatar to bring balance and restore life back."
On top of that, He added, "So god descends as a human and goes through his life in a human form to really understand how humans feel, ultimately to fulfil their duty. Then it's mounted in the back of this massive spectacle woven into the fabric of the screenplay. It's all about emotions. The underdog story of sacrifice, of revenge, and absolutely cutting-edge execution. It's a story that is not only going to entertain you but also going to enlighten you."
The movie will rollout in two parts, with the first part hitting theatres on Diwali 2026.
Source: Hindustan Times