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RIL to acquire stake in Eros International PLC

21 Feb 2018 Evaluate

Reliance Industries (RIL) through a subsidiary, has agreed to subscribe to a 5% equity stake in NYSE listed Eros International PLC (Eros) at a price of $15 per share, which represents an 18% premium to last closing price. The transaction is subject to customary regulatory and other approvals.

Further, RIL and Eros International Media have agreed to partner in India to jointly produce and consolidate content from across India. The parties will equally invest up to Rs 1,000 crore in aggregate (approximately $150 million) to produce and acquire Indian films and digital originals across all languages.

RIL is India’s largest private sector company, to feature in Fortune’s Global 500 list of ‘World’s Largest Corporations’ - currently ranking 203rd in terms of revenues, and 110th in terms of profits.

Reliance Industries Share Price

1399.20 -36.50 (-2.54%)
11-May-2026 13:40 View Price Chart
Peers
Company Name CMP
Reliance Industries 1399.20
Indian Oil Corp. 141.20
BPCL 296.25
HPCL 378.90
MRPL 160.05
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