Shanthi Theatres to get revamped into commercial complex | Press Meet | Prabhu, Vikram Prabhu
The five-decade-old Shanthi Theatre, a landmark property owned by the family of the late thespian ‘Sivaji’ Ganesan, is set for a makeover with a modern commercial and entertainment complex to come up in a joint venture.
Chennai-based Akshaya Pvt Ltd has entered into a joint venture with the owners to develop the one-acre property, according to T Chitty Babu, Chairman and CEO, Akshaya.
Chitty Babu said the project promoted through a special purpose vehicle, Akshaya Leisure Pvt Ltd, will be on the theme of entertainment and leisure. The joint venture was signed on Monday and the project will start by the end of the year.
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