Citigroup Global Markets has agreed to underwrite $100 million, five-year acuqisition financing facility for Eros International Plc.
Kishore Lulla, chairman & CEO, Eros International said: "This facility will increase Eros’ firepower to create significant value for our shareholders and partners through the acquisition and production of Indian entertainment content. We are uniquely positioned to exploit this content through the skills, relationships and infrastructure we have developed over our 30-year heritage.
"As we have demonstrated with our recent acquisition of 51% of Ayngaran International (a leading Tamil-language film company) and commitment to invest in the development of that business, we believe that many high quality opportunities exist within the Indian entertainment content sector for us to create value for our shareholders."
No comments:
Post a Comment