Singapore state fund buys stake in Bollywood distributor

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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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. 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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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