MUMBAI: Tips has postponed the release of its action-thriller Prince from 26 March to 9 April.

Among gossips in film industry circles that producer and managing director of Tips, Kumar Taurani got dreary to release the film during the time of IPL, Taurani clarifies, "The IPL tournament is to go on till 25 April. If I was wary of the IPL tourney, why would I announce the release of my film on 9 April."

"The fact is that Prince is a very ambitious project that has some world-class action sequences that requires the usage of special visual effects and to make them truly breathtaking, is taking some time. The visual effects are being done by the best visual effects studio in the business. We are just reworking on a few scenes that has resulted in the delay."

The film narrates the story of a thief who wakes up one morning to realize that he has lost his memory and his life is at stake.

The film, that has Nandana Sen in the female lead, has been directed by Kookie V. Gulati.

The release date of the Hindi action thriller movie 'Prince' starring Vivek Oberoi is changed to April 9, 2010. Earlier, the film was scheduled to release on the 26th of March. It is unclear and slightly tricky why Kumar Taurani postponed the release but it seems that the producer must have got frightened because a significant cricketing event, IPL T20, will also be taking place during the same time, thereby dividing the focus of the audience.

Producer Kumar Taurani clarifies, "Basically, 'Prince' is a very ambitious project for us and has some world-class action sequences, which require the usage of special visual effects and to make them truly breathtaking will take some time. We don't want to leave any stone unturned in making this project an extraordinary success."

'Prince' is the story of a thief, who wakes up one morning only to realize that he has lost his memory and his life is at stake. The movie is directed by Kookie Gulati and stars Vivek Oberoi alongside Nandana Sen, Aruna Shields and Neeru Singh.

The release of actor Vivek Oberoi's much-awaited flick "Prince" has been deferred by post production work.

Now, the thriller will hit theaters on April 9.

The movie was previously set for a March 26 release, but work on its post production and visual effects of high-powered action scenes is still going on.

In a press statement, Kumar Taurani, managing director of Tips Industries and producer of "Prince", said, "'Prince' is a huge project, with some out of the world action sequences and visual effects. Hence, we are leaving no stone unturned. The visual effects of the movie are done by the best visual effects studio in the business; we are just reworking on a few scenes, which has resulted in the delay."

The film tells the story about a robber who is successful in committing the biggest theft of his life, only to get up next day and memorize nothing and becoming the most wanted man in India.

Directed by Kookie V. Gulati, the film also has Nandana Sen. (With Input from Agencies)