Eros International IPO : Files DRHP to Raise Rs 350 Crores

by khalid on 06/01/2010 · 0 comments

Eros International is a Mumbai-based company promoted by Eros International Plc and Eros Worldwide FZ LLC. The company has filed a draft red hearing prospectus (DRHP) to the market regulator SEBI to float an IPO for raising money from primary market.The want to raise upto Rs 350 Crores. The company is also considering pre-IPO placement of shares worth Rs 20 Crores. The public offer would be based on 100% book building process.

The proceeds of the IPO would be used to acquire and co-produce Indian film rights including primarily Hindi language films as well as certain Tamil and other regional language films. The company will also use the funds for general corporate purposes.

Enam Securities, Kotak Mahindra Capital Company, Morgan Stanley India and RBS Equities India are the book running lead managers for the issue.

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