Eros International gains 5% as parent co proposes IPO in US

Moneycontrol Bureau

Media company Eros International gains 5 percent in intraday on Wednesday on news that its parent company Eros International Plc has filed an updated registration statement on form f-1 with Securities and Exchange Commission of United States relating to a proposed IPO.

"The number of shares to be offered and the price range for the offering have not yet been determined," the company said in a BSE filing.

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In Q1 FY 2014, Raanjhaana, Go Goa Gone (GGG) and Yeh Jawani Hai Diwani (YJHD) fetched strong revenues at the box office. According to the company, Raanjhaana achieved an impressive box office collection of Rs 100 crore worldwide, YJHD had an overseas collection of more than Rs 60 crore, while GGG had a worldwide collection of Rs 43 crore.

At 12:23 hrs the stock was quoting at Rs 137.00, up Rs 4.80, or 3.63 percent on the BSE.