Eros Worldwide sells shares of EIML to pare debts

Shital Jibhe / 22 Aug 2017

Eros Worldwide sells shares of EIML to pare debts

In order to reduce its revolving credit facility, Eros Worldwide FZ LLC, the promoter of Eros International Media, has completed the sale of 11,716,850 shares of EIML between April to August 2017, amounting to over USD 40 million (Rs 256.2 crore).

In order to reduce its revolving credit facility, Eros Worldwide FZ LLC, the promoter of Eros International Media, has completed the sale of 11,716,850 shares of EIML between April to August 2017, amounting to over USD 40 million (Rs 256.2 crore).
 
Following this sale transaction, as of date, Eros Worldwide together with Eros Digital Private Ltd. continues to own 60.47% of EMIL, the company informed. With the pay down from the sale of shares and internal accruals, the USD 123 million facility now stands reduced to approximately USD 45 million, said the company in a BSE filing on Tuesday.

Eros International Media was trading at Rs 179.35 per share, down by Rs 1.20 or 0.66% as at 0946 hours on Tuesday, on the BSE. The stock attracted a traded volume of 1,60,040 shares and traded value of Rs 292.09 lakhs on the NSE.

If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.