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Bollywood2000.com | TODAYS FEATURE

LAST UPDATED: Jul.  06, 2001

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Sharukh To Sell His Stake In SRKWORLD PORTAL To B4U

Shahrukh Khan has decided to pull out of SRKworld.com, the complete entertainment portal that he launched with much fanfare less than a year ago.

The ”badshah” of Hindi cinema has decided to sell his stake to B4U, the other co-promoter of the venture. The company that owns and operates the portal is Aryan Informatics which is named after Shahrukh's son. It was in November 2000 that SRKworld was launched under the Aryan banner.

Sources said that Shahrukh and B4U are nearing towards closing the deal in which B4U will buy out the star's complete stake in Aryan Informatics. The other important partner in this company, Aryan Info, is star actress Juhi Chawla. It is not yet known whether Juhi along with her industrial husband is also wanting to sell her stake in the company. It may be pointed out that Shahrukh and Juhi are close friends and partners in another production company Dreamz Unlimited which is doing very well and has mega plans in the industry.

Industry sources attribute this deal largely to the bursting of the dotcom bubble in recent months which has taken its toll on all the little fishes in the internet world. The other reason for why the stars may be wishing to dissociate with SRKworld is because of its association since inception with the controversial cine personality Bharat Shah.

Nobody in Aryan or B4U was ready to state the exact nature of association which the portal has with Bharat Shah. However, they concede that Khan and Bharat Shah are close associates and ”were associated in each and every project”. However, in a recent widely-publicised interview, Bharat Shah's son Rashesh Shah has said that during these times of crisis when his father was being interrogated by the CBI on various allegations relating to his nexus with the underworld, their so-called closest friends had deserted them. When asked specifically whether after the controversy had erupted, Shahrukh Khan had ever visited Bharat Shah or his son for expressing his concern, Rashesh is understood to have stated that Shahrukh was among those who had used his father to reach the top position, but was now” ungrateful.” It is well known that the first best films that catapulted Shahrukh Khan to the number one position in Bollywood were financed by Bharat Shah. If the hypothesis that Khan wants to dissociate with Bharat Shah is correct, then the he may have nothing to do with the portal in the future which makes the future of the portal rather uncertain.

Although there is no confirmation available from anyone on this, Shahrukh is understood to have told his friends privately that he does not want to go ahead with any of the projects that are being financed by Bharat Shah, openly or covertly.


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