Eros International Media has announced a share repurchase program worth up to $ 20 million (approximately Rs 138.86 crore) on the New York Stock Exchange. The announcement comes after CARE had downgraded the ratings assigned to the bank facilities of the company’s arm Eros International Media on account of a delay in servicing of bank loans for the month of April 2019 and May 2019.
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.
