Eros Worldwide FZ LLC, the promoter of Eros International Media (EIML), has completed sale of 11,716,850 shares of EIML between April to August 2017 amounting to over $40 million to reduce its revolving credit facility. With the pay-down from sale of shares and internal accruals, the $123 million facility now stands reduced to approximately $45 million.
Post this sale and as of date, Eros Worldwide together with Eros Digital continues to own 60.47% of EIML.
Eros International Media is a leading global company in the Indian film entertainment industry that acquires, co-produces and distributes Indian films across all available formats such as cinema, television and digital new media.
