In what can be called as a shocker of an event, the news that the famous 7 Acres Premises of the Annapurna Studios has been seized by the bank is causing quite a stir. While the land seizing aspect is fine a bigger question is currently looming in the minds of many cine members and others.
They are keen to know what about the activities happening in the studio? As such, there are many shootings, post production activities happening in 7 Acres so will they stop? On the other hand, many are wondering if its owner Akkineni Nagarjuna is not really capable of coughing up the outstanding 62 crores and clear the debt.
Apparently, all are referring to the recent news that Star TV has purchased MAA TV for a whopping Rs 2500 crores deal. Inside news is that Nag has got 10 percent stake in it. Given that figure is right, Nag would have got a cool Rs 250 crores. Even if 30% tax is cut, Nag will still have Rs 175 crores.
Is this fund yet to come? Why is it getting delayed? Actually, how did this news of seizure come out? Many strongly believe Nag has the capacity to pay. Well, all are doing analysis but it is not sure what the actual intricacies are. For now, this is the outside talk.