Eros International Media’s parent company inks agreements with institutional investor

27 Sep 2019 Evaluate

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.

Eros Internatl.Media Share Price

17.92 -0.25 (-1.38%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
PVR 1320.55
Saregama India 345.90
Eros Internatl.Media 17.92
Shemaroo Entertain. 141.50
Balaji Telefilms 72.90
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