Eros International sets floor price at Rs 200/sh for OFS

The floor price for offer for sale issue of Eros International has been fixed at Rs 200. The issue will be open for bidding on December 20, between 9:15 am and 3:30 pm.

More than 25.73 lakh shares, representing 2.8 percent equity   in Eros have been put for sale by promoters Eros Worldwide to meet a regulatory norm of holding minimum 25 percent public float in listed companies.

Promoters hold 77.8 percent stake in Eros International as of September 2012; out of which Eros Worldwide FZ LLC holds 54.15 percent and Eros Digital Pvt Ltd 23.64 percent stake.

The stock gained 0.62 percent to close at Rs 210.65 on the Bombay Stock Exchange on Wednesday.

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