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Reliance Industries Completes Acquisition of 5% Stake in Eros International at $15.00 Per Share

by MN4U Bureau
August 7, 2018
in Exclusive, Featured, Mobile/Digital
Reading Time: 1 min read
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Reliance Industries Completes Acquisition of 5% Stake in Eros International at $15.00 Per Share

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Isle of Man: Eros International PLC., a leading global company in the Indian film entertainment industry, announced that following customary approval processes, the sale of a 5% stake in Eros to Reliance Industries Limited, previously announced on February 20, 2018, has been completed.

Reliance has acquired 3,111,088 newly issued A ordinary shares from Eros which represents 5.0% of Eros’ current issued and outstanding ordinary share capital on a pro forma basis. The purchase price was $15.00 per share, which represents a total cash consideration of $46.6 million.

Goldman Sachs & Co. LLC acted as exclusive financial advisor to Eros International Plc in this transaction.

Tags: Reliance Industries Completes Acquisition of 5% Stake in Eros International at $15.00 Per Share

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