On Monday, Zee Telefilms the only company to have submitted a bid for revamping the studio will make a presentation before chief minister Buddhadeb Bhattacharjee on their plans. This proposal would then be studied by a committee, formed by Kolkata Metropolitan Development Authority (KMDA), and comprising its officials as well as film artistes and other experts in the field. "The panel will look at the technical concept as well as the financial bid," said a government official on Sunday.

Tollywood stars, including Soumitra Chatterjee and Prosenjit, had begun an agitation against the privatisation plans but called it off after assurances from the chief minister also the information and cultural affairs minister. Now, the revamp seems well on route.

A senior official maintained that Monday's presentation was just an exercise in bringing the company's plans before the chief minister. "However, the acceptance of the plan depends on what the expert committee finally decides," the official added.