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Eros International surges as parent company files for IPO in US markets

11 Sep 2013 Evaluate

Eros International Media is currently trading at Rs. 136.00, up by 3.80 points or 2.87% from its previous closing of Rs. 132.20 on the BSE.

The scrip opened at Rs. 137.00 and has touched a high and low of Rs. 139.40 and Rs. 135.00 respectively. So far 56872 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 235.05 on 04-Dec-2012 and a 52 week low of Rs. 106.50 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 139.40 and Rs. 118.70 respectively. The current market cap of the company is Rs. 1265.76 crore.

The promoters holding in the company stood at 74.88%, while Institutions and Non-Institutions held 14.30% and 10.82% respectively.

Eros International’s parent company, Eros International Plc has filed updated registration statement with United States Securities and Exchange Commission for proposed initial public offer (IPO). However, the number of shares to be offered and the price range for the offering have not yet been determined.

At present, Eros Worldwide FZ LLC and Eros Digital collectively hold 74.88% stake in Eros International.

Eros International Media is a global player with the Indian media and entertainment arena. It operates on a vertically integrated studio model controlling content as well as distribution and exploitation across multiple formats globally, including cinema, digital, home entertainment and television syndication.

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