News & Events

Renowned Indian production house Sunshine Pictures Ltd, led by film and television producer-director Vipul Shah, has filed draft papers with the Securities and Exchange Board of India for an Initial Public Offering (IPO).

The IPO includes a fresh issue of 50 lakh shares and an Offer-for-Sale (OFS) of 33.75 lakh shares, with promoters Vipul Amrutlal Shah and Shefali Vipul Shah selling 23.69 lakh and 10.05 lakh shares. Proceeds from the fresh issue, up to INR 94 crore, will be used for long-term working capital, future growth, and general corporate purposes.

Sunshine Pictures is known for producing films, web series, and TV serials. The company has delivered 10 commercial films, 2 web series, and 2 TV serials. Current projects include co-productions with Jio Studios and a web series for Prasar Bharati. Upcoming titles include Good Morning Rhea, Governor, The Kerala Story 2, and Whistle Blower. The company has reported consistent profitability over the last three fiscal years, with a net profit of INR 45.64 crore in H1 FY25 and revenue of INR 133.8 crore in FY24.

Read the original article here: https://www.business-standard.com/markets/ipo/film-producer-vipul-shah-s-sunshine-pictures-files-for-ipo-to-raise-funds-125010300231_1.html

The New African magazine has unveiled its annual list of the 100 Most Influential Africans, honouring leaders, innovators, and changemakers across diverse fields.

The 2024 highlights include advancements in Artificial Intelligence, with experts like Abeba Birhane exposing biases in AI systems, alongside impactful climate leadership from Senegal’s Ibrahima Cheikh Diong and youth advocate Michael Kakande. Development finance leaders, such as Akinwumi Adesina of the African Development Bank, are also prominently featured.

Olympic triumphs take centre stage too, with Botswana’s Letsile Tebogo winning its first-ever gold medal and Sifan Hassan setting records in distance running. The 100 Most Influential Africans of 2024 stands as a powerful testament to the resilience, ingenuity, and contributions of Africans shaping both the continent and the world. It celebrates remarkable achievements while inspiring future generations to break barriers and lead with purpose.

Read the original article here: https://www.africa-newsroom.com/press/the-100-most-influential-africans-of-2024-announced?lang=en

BSP Financial Group has officially transitioned its Fiji branch operations into a wholly-owned subsidiary, BSP Financial Group (Fiji) Pte Limited.

Announcing the move, Board Chairman Robert Bradshaw highlighted that this restructuring aligns with a growing trend among large companies seeking to enhance operational efficiency. Bradshaw noted that the Fijian Parliament passed the BSP Fiji Act 2024 on 5 December, following stakeholder consultations. This ensured a seamless transition with no disruptions for customers or employees.

Reassuring clients, Bradshaw confirmed that accounts, loans, and services remain unaffected, with only the legal name of the bank in Fiji changing. He expressed gratitude to the Reserve Bank of Fiji, the Deputy Prime Minister, the Minister for Finance, and the Fijian Government for their support throughout the process.

Read the original article here: https://www.fijivillage.com/news/BSP-Fiji-transitions-to-an-independent-subsidiary-with-no-impact-on-customers-xr4f58/