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, ...

Quick Links

 

Market News

Restructuring should precede PSU disinvestment

The disinvestment target of the government for 2013-14 is Rs 58,000 cr

Kalyan Jewellers raises Rs 1,200 cr from Warburg Pincus

Company is said to have diluted around 10-12% stake to the PE firm

Pulse prices move up on lower kharif output estimates

Lower kharif production estimates fuel the rise; fall in global output also likely to keep prices up

UP sugar crisis defuses as mills ready to go for cane crushing

Private mills owe farmers Rs 2,500 crore in arrears for the earlier crushing season

FIIs hive off Nifty shares in different baskets

Foreign institutional investors (FIIs), the biggest shareholders outside the promoter group, pared their holdings in almost half of the Nifty ...

Back to Top