Eros International Plc has decided to offer notes secured against its streaming platform, according to a Bloomberg report.
The report said that Eros is is changing its plan at a time when investors have been inundated with dollar bond supply and US-China trade tensions have re-escalated.
Eros' biggest subsidiary is Eros International Media, which is known for producing movies such as Bajrangi Bhaijaan, Bajrao Mastani and Manmarziyaan.
Eros International Media's promoter group on May 8 pledged 27.5 lakh shares from May 3-6, according to CNBC-TV18.
Eros Now, the company's OTT streaming platform, was launched in 2012. The service has about 7.9 million paying subscribers and over 12,000 film titles.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
