Eros International Media’s parent company -- Eros International Plc. has entered into definitive agreements with an institutional investor in connection with a registered direct offering of $27.5 million aggregate principal amount of senior convertible notes due 2020 for gross proceeds of $25 million, before deducting estimated offering expenses.
Eros International Plc intends to use the net proceeds for general corporate purposes. The offering is expected to close on or around September 30, 2019, subject to satisfaction of customary closing conditions.
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.
| Company Name | CMP |
|---|---|
| PVR | 934.65 |
| Saregama India | 330.95 |
| Shemaroo Entertain. | 99.41 |
| Balaji Telefilms | 98.22 |
| UFO Moviez | 69.77 |
| View more.. | |
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