Reliance Industries To Acquire Stake In Eros International [Reuters]
EROS INTL PLC (EROS)
Last eros intl plc earnings: 11/15 07:45 am
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Source: Reuters
Eros International PLC (EROS.N) Key Developments | Reuters.com Feb 20 (Reuters) - Eros International Plc ::RELIANCE INDUSTRIES LIMITED TO ACQUIRE STAKE IN EROS INTERNATIONAL PLC.RELIANCE INDUSTRIES ?ANNOUNCES JOINT PARTNERSHIP WITH EROS INDIA TO SET-UP $150 MILLION FUND TO CO-PRODUCE, CONSOLIDATE CONTENT?.DEAL FOR PRICE OF $15.00 PER SHARE.JYOTI DESHPANDE, GROUP CEO AND MD OF EROS WILL BE STEPPING DOWN FROM HER EXECUTIVE ROLE.?RELIANCE INDUSTRIES LIMITED?, THROUGH UNIT, AGREED TO SUBSCRIBE TO A 5% EQUITY STAKE IN NYSE LISTED EROS.?KISHORE LULLA WILL RESUME HIS POSITION OF GROUP CHAIRMAN AND CEO OF EROS?.RIL, CO AGREED TO PARTNER IN INDIA TO JOINTLY PRODUCE AND CONSOLIDATE CONTENT FROM ACROSS INDIA.?JYOTI DESHPANDE TO HEAD RIL'S MEDIA AND ENTERTAINMENT BUSINESS AS PRESIDENT OF CHAIRMAN'S OFFICE?.?DESHPANDE WILL CONTINUE TO REMAIN AS A NON-EXECUTIVE DIRECTOR ON BOARD OF EROS?.PARTIES TO EQUALLY INVEST UP TO ABOUT $150 MILLION TO PRODUCE AND ACQUIRE INDIAN FILMS AND DIGITAL ORIGINALS ACR
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