Singapore govt. buys stake in Eros

Bollywood films going international and how. With the ever increasing market for Indian cinema it's no surprise that international investors are looking at the Indian market. In fact Fullerton, an investment fund controlled by Singaporean sovereign wealth fund Temasek Holdings, has bought a 7.4% stake in Bollywood film distributor Eros International.

Singapore govt. buys stake in Eros

 

The acquisition comes after Eros completed the transfer of its primary share listing from London's second tier Alternative Investment Market to the main New York Stock Exchange. With this acquisition Fullerton now holds 8.7 percent in Eros, according to a filing with the U.S. Securities and Exchange Commission. The stake was bought on November 13, the day Mumbai-based Eros began trading on the New York Stock Exchange. The stake is valued at about $22 million, based on the company's closing price yesterday.

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