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Reliance Takes Over ND Studio
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By Our Correspondent ©2007 Bollyvista.com |
Reliance Entertainment has picked up a 50% stake in ND (Nitin Desai) Studios, which is located in Karjat, on the outskirts of Mumbai for about Rs 150 crore, according to Reliance executives close to the deal. ND Studios boasts of shooting films such as Lage Raho Munnabhai, Saawariya, Gandhi My Father, Salaam-E-Ishq and the magnum opus Jodhaa Akbar along with many more.
While Mr. Desai will continue to manage operations, Reliance Entertainment will focus on scaling up the studio. The long-term goal: to make it the biggest studio in the world on the lines of Universal Studios in Hollywood. The studio for the time being will be now called BIG ND Studio.
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