| Author | Message | ||
     Naaistam Celebrity Bewarse Username: Naaistam Post Number: 45073 Registered: 07-2005 Posted From: 208.78.142.232 Rating: N/A |
sketch attempt sesinaara ledaa adhe imfortant speeker annai... soodi neekosam link attukocha Margadarsi could only repay every creditor 49 paise to a rupee. Rao refuted the report vehemently. Margadarsi could fulfil all its financial commitments, he said, by divesting itself of 26 per cent of its holdings in another company, Ushodaya Enterprises Limited. That money, he declared, would come from one of the world's largest private equity firms, the Blackstone Group. Blackstone had valued Ushodaya at a whopping Rs 4,770 crore; in an interview to The Hindu, Rao said that the private equity firm was ready to invest Rs 1,217 crore in his company. Had the deal gone through, it would have been the largest private equity investment in Indian media to date. stalker@ccdb |