Complex sentence: In 1945 S. M. Sriramulu Naidu left Central Studios to start his own Studio called Pakshiraja Studios and B. Rangaswamy Naidu family bought out majority of its shares.
Split into simpler sentences: In 1945 S. M. Sriramulu Naidu left Central Studios to start his own Studio called Pakshiraja Studios. Later B. R. Naidu family bought out majority of its shares.