In a bid to comply with the minimum public shareholding norms from SEBI, Eros International Media’s promoters Eros Worldwide FZ LLC is all set to sell about 2.8% stake of the company on December 20 through offer for sale (OFS) route. Eros Worldwide will sell 25,73,710 equity shares of Eros International Media at a floor price which will be announced tomorrow.
At present, Eros Worldwide holds 77.8% stake in the company, while post share sale, the promoter holding in the company will come down to 75%.
Eros International Media is a part of the Eros Group., which has an extensive film library and is in the business of sourcing Indian and other film content and exploiting it worldwide through its offices in India, UK, USA, UAE, Singapore, Australia, the Isle of Man and Fiji across formats such as theatres, home entertainment, television and digital new media.
