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Reliance Ind completes acquisition of 5% in Eros Intl

Press Trust of India  |  Mumbai 

Entertainment firm Eros International today said that Industries has completed taking 5 per cent stake following customary approval processes.

"Following customary approval processes, the sale of a 5 per cent stake in Eros to Industries, previously announced on February 20, has been completed," it said in a statement.

has acquired 3,111,088 newly issued 'A ordinary shares' from Eros which represents 5 per cent of Eros's current issued and outstanding ordinary share capital on a pro forma basis.

The purchase price was USD 15 per share, which represents a total cash consideration of USD 46.6 million.

acted as to in this transaction.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, August 06 2018. 20:30 IST
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