Eros International Media gains on pact with Zee Network

Shares of Eros International Media were up over 2% at Rs 211 on the Bombay Stock Exchange after the company said it has entered into a television syndication deal for their new and catalogue films with Zee Network.

Movies that will be showcased exclusively on Zee Network include, Riteish Deshmukh and Nargis Fakhri starrer Banjo, slated for a theatrical release on September 23, the much acclaimed family drama Nil Battey Sannata, and the widely appreciated Aligarh starring Manoj Bajpayee and Rajkummar Rao, the company said in a release.

Apart from the recent releases, the license deal will give the channel access to Eros' blockbuster catalogue films like Housefull, Heyy Babyy, Cocktail, Vicky Donor, Omkara among others, the release added.
 

The stock opened at Rs 210 and touched a high of Rs 215. At 11:05am, over 397,000 shares were traded on both the stock exchanges.