Eros International has moved higher by 5% to Rs 138 after the company engaged in movies and entertainment business said its parent company, Eros International Plc filed updated registration statement with United States Securities and Exchange Commission for proposed initial public offer (IPO).
The company said, the number of shares to be offered and the price range for the offering have not yet been determined.
Currently, Eros Worldwide FZ LLC and Eros Digital Pvt Ltd have collectively held 74.88% stake in Eros International.
The stock opened at Rs 137 and hit a high of Rs 139 on BSE. A combined 158,123 shares change hands on the counter till 1050 hours on BSE and NSE.
The company said, the number of shares to be offered and the price range for the offering have not yet been determined.
Currently, Eros Worldwide FZ LLC and Eros Digital Pvt Ltd have collectively held 74.88% stake in Eros International.
The stock opened at Rs 137 and hit a high of Rs 139 on BSE. A combined 158,123 shares change hands on the counter till 1050 hours on BSE and NSE.
