Reliance Ind completes acquisition of 5% in Eros International

Eros International | Company reported loss at Rs 28.49 crore in Q1FY21 against profit at Rs 27.05 crore, revenue dropped to Rs 41.68 crore from Rs 183.52 crore YoY.

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Entertainment firm Eros International today said that Reliance Industries has completed taking 5 percent stake following customary approval processes.

"Following customary approval processes, the sale of a 5 percent stake in Eros to Reliance Industries, previously announced on February 20, has been completed," it said in a statement.

Reliance has acquired 3,111,088 newly issued 'A ordinary shares' from Eros which represents 5 percent of Eros's current issued and outstanding ordinary share capital on a pro forma basis.

The purchase price was USD 15 per share, which represents a total cash consideration of USD 46.6 million.

Goldman Sachs acted as exclusive financial advisor to Eros International in this transaction.

Disclaimer: “Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.”