Thursday, September 23, 2004

Thirupachi- Adhu get bank finance

IndiaGlitz
[Thursday, September 23, 2004]

IDBI has now financed 'Thirupachi' and 'Adhu' the two Tamil films in the making.

IDBI recently financed 'Anniyan' , For the Vijay’s 'Thirupaachi' the bank has sanctioned a loan of Rs. 4 crore.

Producer R.B Chowdhary is happy because the interest rate in the banks is almost 50% less than private financiers. Thirupaachi has also been insured for a sum of Rs. 6 crore since IDBI insists on insurance for the project.

Similarly, IDBI has also sanctioned a loan of Rs. 2 crore for Sneha’s 'Adhu' . Vishwa Sundar, the producer of 'Adhu' is the brother of Oscar Ravichandran who is producing 'Anniyan' .

Adhu ‘s shooting is over and the film is ready for release.

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