Gulte Telugu news
One of the leading production houses in Tollywood is mired into debts. As per insiders, the production house incurred a whopping Rs 300 Crore debts.
It is now struggling to clear its debts. This is said to be casting a shadow on its ongoing and upcoming projects. Covid had played a spoilsport in their plans resulting in losses. Thus debts were piled up.
Meanwhile, a star hero who is very close to the production house has reportedly come forward to rescue the producers. The star hero is said to have assured that he would bail them out. He assured that he would clear their debts and rescue them.
The star hero has signed a film with another production house and reportedly informed them to pay his entire remuneration to the former production house on his behalf. That shows the huge generosity of the star hero.
With such an assurance and strong support from the star hero himself, the production house has got a huge sigh of relief.
Tags Tollywood
