Eros International MediaBSE -0.56 %’s promoter group entity ErosBSE -0.56 % Worldwide FZ LLC has sold 3.61 per cent stake in the company this month bringing down its total shareholding to 39.91 per cent.
In a regulatory filing, Eros said Eros Worldwide FZ LLC, which had 43.51 per cent stake earlier, sold 33.86 lakh shares in the open market between July 7-19.
Eros InternationalBSE -0.56 % acquires, co-produces and distributes Indian films across different formats such as cinema, television and digital new media. The company also owns the rapidly growing over-the-top (OTT) platform Eros Now.
Shares of Eros International Media were trading 6.98 per cent higher at Rs 236.80 on BSE.
Source: Economic Times