Eros Worldwide FZ LLC has come out with an offer for sale of 25.74 lakh equity shares representing 2.8 per cent stake in its India venture Eros International Media.
The sale will take place on December 20 through a separate window on the BSE and NSE. The promoters hold 77.80 per cent at present and after the offer for sale, the stake will come down to 75 per cent. The Dubai-based company’s activities include digital media library, distribution and management. The India venture Eros International Media, with its base in Mumbai, is engaged in motion picture production and distribution. The shares of Eros International closed at Rs. 209.35 on the Bombay Stock Exchange on Tuesday.
