By Laura Lutz
Washington, Dec. 5 - Eros International plc priced a £24 million private placement of shares.
The company plans to sell 10 million ordinary shares to institutional and other investors at 240p per share.
Evolution Securities Ltd. acted as agent for the deal.
Proceeds will be used for planned acquisitions.
Based in Isle of Man, Eros is a Bollywood media and entertainment company.
| Issuer: | Eros International plc
|
| Issue: | Ordinary shares
|
| Amount: | £24 million
|
| Shares: | 10 million
|
| Price: | 240p
|
| Warrants: | No
|
| Agent: | Evolution Securities Ltd.
|
| Pricing date: | Dec. 5
|
| Stock symbol: | London: EROS
|
| Stock price: | 272.5 at close Dec. 5
|
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