Business Standard

Eros International offer for sale oversubscribed 4.4 times

The 25.74 lakh equity stake sale received bids for 1.13 crore shares

Related News

The offer for sale of 2.8% stake in film distribution company Media was oversubscribed 4.4 times today.

The 25.74 lakh equity stake sale received bids for 1.13 crore shares, raising Rs 52.14 crore, as per data available with the BSE.

The indicative price for the issue was Rs 202.62.

Eros Worldwide, a promoter entity of Eros International Media, fixed the floor price at Rs 200 per share to sell 2.8% stake in the film distribution company.

Eros Worldwide held 54.15% stake in the company, as on September 30, 2012. The entire promoter group of Eros International held 77.8% of the company.

Other major shareholders include Eros Digital (23.64%), Indus Capital Advisors (UK) (3.99%) and IDFC Sterling Equity Fund (1.41%).

Kotak Securities acted as the sole selling broker for the OFS.

Shares of the company closed at Rs 207.75, down 1.38% from their previous close, on the BSE.

Read more on:   
|
|

Read More

Two entities fail to make prima facie case to revoke ban: Sebi

The Securities and Exchange Board of India (Sebi) today said the restraining order on two entities, related to plunge in some mid-cap stocks in July, ...

Advertisements

Quick Links

 

Market News

Another year of sugar supply glut on the cards

This, despite the 1% fall in cane sowing area

FMC gives conditional nod to MCX for launching contracts till March

However, the regulator also directed MCX to take all pending actions on findings of PwC Report and furnish a new compliance report by 15th Oct, ...

Shares up on Chinese stimulus, hopes of delay in US ratehike

The BSE Sensex gained 138 points or 0.5% to close at 26,63

Rubber output drops 26% in Aug; imports continue to surge

The production between April and August, the first five months of the current financial year, saw a 4.5% rise in overall production, to 277,000 ...

Another sugar supply glut year in the offing

India's sugar production to rise 3-5% in 2014-15, 1.5 million tonnes higher than consumption, price to remain subdued

Back to Top