Dev Anand refuses to sell studio
Courtesy:
IndiaFM
Tuesday,
August
08,
2006
Veteran
actor
Dev
Anand
was
offered
a
whopping
Rs.1.3
crores
from
Reliance
to
sell
his
recording
studio.
The
Anand
Recording
Studio
is
located
in
Mumbai's
Pali
Hill
area.
Anand
refused
Reliance's
offer.
Instead,
he
plans
to
improve
the
existing
studio
with
new
equipment
and
the
works.
There were stories about the IDBI Bank agreeing to sanction a loan of Rs. 5 crore for the same. However, Anand denied that he was taking a loan. He stated that they have their own financial resources for the refurbishment. Presently, Dev Anand's son Suniel Anand manages the studio. There are plans to import sound re-recording equipment. They believe that the studio will be a one-of-its kind in Asia. The work is expected to complete in a months time.
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