Singapore state fund buys stake in Bollywood distributor

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Bollywood1Fullerton, an investment fund controlled by Singaporean sovereign wealth fund Temasek Holdings, has bought a 7.4 per cent stake in leading Bollywood film distributor Eros International, Variety reported.

The stake was acquired after Eros International this month completed the transfer of its primary share listing from London’s second tier Alternative Investment Market to the main New York Stock Exchange.

Eros cut back the scale and pricing of its recent share sale below its initially indicated range. Finally it sold 5 million shares at $11 apiece.

The company, which is operated from London, is a major financier of Indian movies and has distribution operations that span India and 50 territories overseas.

With its shares currently trading at $11 the company has a market capitalization of $252 million. It also controls Eros International Media, its Indian subsidiary which has its own separate share listings on both the main Indian bourses.

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Reading Time: 1 minute

Fullerton, an investment fund controlled by Singaporean sovereign wealth fund Temasek Holdings, has bought a 7.4 per cent stake in leading Bollywood film distributor Eros International, Variety reported.

Reading Time: 1 minute

Bollywood1Fullerton, an investment fund controlled by Singaporean sovereign wealth fund Temasek Holdings, has bought a 7.4 per cent stake in leading Bollywood film distributor Eros International, Variety reported.

The stake was acquired after Eros International this month completed the transfer of its primary share listing from London’s second tier Alternative Investment Market to the main New York Stock Exchange.

Eros cut back the scale and pricing of its recent share sale below its initially indicated range. Finally it sold 5 million shares at $11 apiece.

The company, which is operated from London, is a major financier of Indian movies and has distribution operations that span India and 50 territories overseas.

With its shares currently trading at $11 the company has a market capitalization of $252 million. It also controls Eros International Media, its Indian subsidiary which has its own separate share listings on both the main Indian bourses.

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