New Document top_band
 
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

Read more on:    Bse | Nse | Eros International
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 .

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, ...

Quick Links

 

Market News

Today's picks

Nifty, Bank Nifty, Wipro, Cairn & Hind Unilever

CSE to fund stake buyout in clearing corp by selling land

CSE needs to either tie-up with a clearing corporation or pick up a stake in it clearing corporation to meet the norms for regional stock ...

Sebi bars Sunplant, its directors from mobilising funds

Market regulator said the company raised a little over Rs 24 crore from over 3,200 investors through redeemable preference shares

Foreign investors allowed to take fresh positions in IRF

Exchanges allowed foreign investors to take further long positions in IRF

Sebi tweaks investment cap for FPIs in G-Secs

Sub-limit for longer time FPIs has been reduced by $5 billion as there was less demand in this category

Back to Top