With $100m Deal, Eros To Ramp Up Acquisitions

Fresh from its acquisition of a 51% stake in Tamil movies distributor Ayngaran International,  Bollywood producer and distributor Eros International is bolstering its acquisition capabilities.

Eros today disclosed that Citigroup Global Markets had underwritten a $100 million 5-year facility to finance acquisitions.

Eros CEO Kishore Lulla is bullish on the opportunities in the market for Indian entertainment content:

This facility will increase Eros’ firepower to create significant value for our shareholders and partners through the acquisition and production of Indian entertainment content.

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