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Eros International (EROS)

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Wednesday 06 October, 2010

Eros International

Completion of Indian IPO

RNS Number : 9703T
Eros International PLC
06 October 2010
 



Eros International plc ("the Company")

Completion of Indian IPO

 

Eros International plc (AIM:Eros) is pleased to announce that the equity shares of its Indian subsidiary, Eros International Media Limited ("EIML"), were listed on the Bombay Stock Exchange ("BSE") and the National Stock  Exchange of India on 6 October 2010.

 

The opening price of the EIML equity shares on the BSE (ticker: EROSMEDIA) was Rs. 205.45 per share, representing a premium of approximately 17.4 per cent. to the issue price of Rs. 175 per share. The EIML equity shares closed at Rs. 190.05 per share, representing a premium of 8.6 per cent. to the issue price, at which price, the Company's 78.12 per cent. interest in EIML is valued at approximately Rs. 13.57 billion (approximately £193 million at current exchange rates). The EIML shares touched an intra day high of Rs. 213.95 per share.

 

6 October 2010

 

Enquiries

 

Eros International plc:

Jamie Kirkwood

Head of Investor Relations & Special Projects

T: +44 207 258 9906

E: Jamie.kirkwood@erosintl.com

 

Evolution Securities Limited

Jeremy Ellis / Chris Clarke, Corporate Finance

Matt Tyler / Adam Strachan, Corporate Broking

T: 020 7071 4300

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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