Business Standard

Mukesh Ambani's Reliance acquires 5% stake in Eros International Plc

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

RIL
Premium

BS Reporter Mumbai
Film and entertainment company Eros International plc announced on Monday that following customary approval processes, the sale of a five per cent stake in Eros to Mukesh Ambani’s Reliance Industries Limited (RIL), previously announced on February 20, 2018, has been completed. 

Reliance has acquired 3,111,088 newly issued A ordinary shares from Eros which represents five per cent of Eros’ current issued and outstanding ordinary share capital on a pro forma basis. The purchase price was $15 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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in