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:   
|
|

Eros International offer for sale oversubscribed 4.4 times

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

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

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.

image

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, ...

Recommended for you

Advertisements

Quick Links

Market News

Mentha oil down by 0.7% on subdued spot demand

Participants trimmed positions, tracking sluggish demand in the spot market

Chana gains by 0.3% on rising demand

Lower output estimates also fueled the uptrend

Crude palm oil slip by 0.2% on profit booking

Speculators booked profits at prevailing high levels coupled with fall in spot demand

Cardamom up by 0.4% as demand picks up

Tight supplies from producing belts also helped prices

Markets at day's high; Sensex soars 300 points, Nifty reclaims 8,400

At 11:06, the Sensex was trading higher by 302 points at 27,808 mark and the Nifty gained 94 points at 8,414

 

Back to Top