Eros promoters to offload 2.8% stake by OFS

Company shares closes at Rs 209, down 1.18% on BSE

Eros Worldwide FZ LLC, the promoters of the pure play movie company Eros International Media, will sell about 2.8% of its holding on December 20 through offer for sale (OFS) route to meet the minimum public shareholding requirement.

Eros Worldwide, which holds 77.8% stake in the company, will sell 25,73,710 equity shares of Eros International Media at a floor price which will be announced tomorrow.

Post share sale, the promoter holding in the company will come down to 75%.

Shares of the company today closed at Rs 209.35, or down 1.18% on the BSE.