The Telegraph (London):
Here are some details of the forthcoming IPO of bollywood distributor Eros International, which we have been tracking very closely. The company is getting listed on London Stock Exchange on July 4. It plans to raise $100 million (-£54 million). The shares are offered at -£1.76 a piece. Kishore Lulla, chairman and CEO, Eros, says he is confident of raising the capital (he can thank God that he didn’t list in Indian stock exchanges where IPOs are getting tanked).
Apparently “the launch date, July 4, has been fixed by astrologers”. A 90 per cent of the Eros group’s revenue comes from international sales – 20% from the UK, 25% from the US and the remainder from Europe, the Middle East and the rest of the world – and only 10% from India.
Related:
Bollywood Distributor Eros Plans $100 Million IPO, To Fund New Media Plans
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