The US-based College Retirement Equities Fund has picked up six lakh shares of entertainment firm Eros International Media in an open market transaction for Rs 10.50 crore. College Retirement Equities acquired 600,013 shares amounting to 0.65% stake in the company at an average price of Rs 174.98 apiece, aggregating the deal size to Rs 10.50 crore.
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.
