bollywood-film-distributor-lists-on-londons-alternative-market

Bollywood film distributor lists on London's alternative market

Bollywood film group Eros International Plc, which owns and distributes Indian films globally, raises about 22.5 million pounds ($41.48 million) on London's Alternate Investment Market.

By Sameera Anand

July 04, 2006

On July 4 Bollywood film group Eros International Plc announced that it had raised about 22.5 million pounds $41.48 million in an offering on London's Alternate Investment Market AIM. Eros International owns and distributes Indian films around the world in a variety of formats. For the nine month period ended December 31, 2005 Eros recorded revenues of $32.2 million on which it earned an EBITDA of $12.6 million.

In a release the Exchange said the company has an initial market capitalisation of 176 million pounds, making it the largest listed company in the Indian film industry. Eros chairman and chief executive, Kishore Lulla said, ôwe are now at a point in our history...

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