Movies

Exim Bank, IOB to co-finance Venus' 'De Dhana Dhan'

MUMBAI: In a first of its kind deal, Exim Bank and Indian Overseas Bank (IOB) have collectively decided to co-finance Venus Records‘ De Dhana Dhan, the Akshay Kumar-Katrina Kaif starrer.

The Rs 700 million film will get Rs 250 million from Exim Bank while Rs 100 million will come from the IOB. Directed by Priyadarshan, the film is expected to release in the third quarter of this year.


Talking informally to indiantelevision.com Venus chairman Ganesh Jain said, "Recession does not affect good content. De Dhana Dhan is our highest budgeted film mainly because of the star prices which amount to around 40 per cent of the total costs."


Incidentally, Exim Bank, that forayed into film financing four years ago with films like Dhoom and Veer Zara, has so far disbursed close to Rs 330 million.


On the other hand, IOB financed a few films of AVM Productions in the South such as the Rajnikanth starrer, Sivaji.

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