Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
16 August, 2018 02:46 IST
Reliance Industries acquires 5% stake in Eros International
Source: IRIS | 08 Aug, 2018, 09.51AM
Comments  |  Post Comment

Reliance Industries (RIL) had earlier intimated on February 20, 2018 that Reliance (Q,N,C,F)* Industrial and Investment Holdings (RIIHL), a wholly owned subsidiary of the company, had entered into
an agreement with Eros International Plc. agreeing to subscribe, subject to requisite approvals, to 5% equity stake on a fully diluted basis of Eros International Plc.

RIL has now completed the acquisition by subscribing to 3,111,088 'A' ordinary shares at USD 15 per share for cash aggregating to USD 46.67 million.

The stock had outperformed the market over the past one month till Aug. 07, 2018, rising 22.02% compared with the Sensex's 5.63% rise. It outperformed the market in past one quarter, gaining 24.91% as against 6.98% rise in the Sensex.

Shares of the company gained Rs 5.2, or 0.44%, to trade at Rs 1,188.75. The total volume of shares traded was 37,222 at the BSE (9.43 a.m., Wednesday).

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
TCS named leader in KYC-AML BPO services by Everest Group - 14-Aug-2018 12:04
MCX to commence trading in rubber futures on August 16 - 14-Aug-2018 11:53
Cadila Healthcare acquires 51% stake in Windlas Healthcare - 13-Aug-2018 15:52
RCom re-instates bank guarantees of Rs 7.74 bn with DOT - 13-Aug-2018 12:08
Larsen & Tubro wins construction order worth Rs 30.28 bn - 13-Aug-2018 11:51
Tata Motors Group global wholesales at 92,639 in July'18 - 13-Aug-2018 10:32
Edelweiss Group to acquire two funds from Milestone Capital - 13-Aug-2018 10:01
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer