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
19 December, 2018 19:46 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
Commercial Engg & Body Builders Co bags order worth Rs 1.52 bn - 19-Dec-2018 10:51
Glenmark Pharma forays into dermatology segment in U.S - 19-Dec-2018 10:33
M&M to hike stake in associate company Sampo Rosenlew - 18-Dec-2018 10:37
Glenmark Pharma gets nod for Fluocinolone Acetonide oil - 18-Dec-2018 10:08
BGR Energy Systems bags order worth Rs 494 mn from Tamilnadu Transmission Corp - 18-Dec-2018 10:04
Lupin receives approval from USFDA for Clobazam tablets - 18-Dec-2018 10:01
Ahluwalia Contracts (India) secures new order worth RS 4.25 bn - 17-Dec-2018 15:31
Lupin receives tentative USFDA approval for Tadalafil tablets - 17-Dec-2018 14:49
Gayatri Projects bags new order worth Rs 4.93 bn - 17-Dec-2018 09:43
Zydus Cadila receives USFDA approvals for two drugs - 17-Dec-2018 09:39
Biocon's API manufacturing facility completes USFDA inspection - 17-Dec-2018 09:36
more...
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