Home Tollywood News Bollywood Gola Political News Hyderabad Mania
Custom Search

Thursday, August 9, 2007

Behind The Scene: Ramoji empire crumbling!

Looks like Eenadu group chairman Ramoji Rao's empire is gradually crumbling. The orders passed by Revenue Tribunal declaring 1363 acres of land under possession of Ramoji group as ceiling land and asking Ramoji Rao to surrender the land to the government immediately sent shockwaves not only in his family, but also in the entire group.
It was a hot topic for discussion among the employees of Eenadu and ETV and there was an element of insecurity among them. The question that was doing rounds among those employees was: what would be their fate, if Margadarsi and Ramoji Film City collapse simultaneously. Does Ramoji Rao have the capacity to withstand this disaster. News was that even Blackstone, who was expected to take over part of the equity in Ramoji group, has now backed out.
Interestingly, not a single story appeared in Eenadu about the Revenue Tribunal order on Thursday, while all other newspapers blew it up on front pages. Indications are that many employees have already starting making plans to look for greener pasteurs, before they become part of the bankruptcy!

No comments:

Google Custom Search