Eros International Media’s promoter entity Eros Worldwide, targeting to mop up Rs 51.47 crore, has fixed the floor price at Rs 200 per share for selling 2.8 per cent stake in the film distribution company.
On December 19, 2012, Eros Worldwide had submitted notice of offer for sale of an aggregate of 25,73,710 equity shares of Rs 10 each of Eros International Media representing 2.8 per cent of the equity share capital by promoter through a sale on the separate window provided by the BSE and NSE.
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.
