Perhaps Akshay Kumar should be called the most bankable star! The Indian Bank and Exim Bank are jointly co-financing a Bollywood project that has Akshay Kumar and Katrina Kaif in the lead. While Exim Bank has sanctioned Rs. 25 crores, the Indian Bank has allotted Rs. 10 crores for the project. The film is to be made on a budget of Rs. 70 crores, it is reported. The rate of interest is somewhere between 12.5 and 13 per cent. The collateral for this loan happens to be the negative of the film.
The film is produced by Venus Records and Priyadarshan wields the megaphone for it. Financing films is not new to these banks though. While the IOB has financed the Rajini starrer Sivaji, Exim Bank had financed a couple of Bollywood ventures.
The film is produced by Venus Records and Priyadarshan wields the megaphone for it. Financing films is not new to these banks though. While the IOB has financed the Rajini starrer Sivaji, Exim Bank had financed a couple of Bollywood ventures.
0 comments:
Post a Comment