You will be redirected back to your article in seconds

Singapore Gov’t Buys Stake in India’s Eros

Sovereign Wealth Fund backs Bollywood distributor after IPO

HONG KONG – Fullerton, an investment fund controlled by Singaporean sovereign wealth fund Temasek Holdings, has bought a 7.4% stake in leading Bollywood film distributor Eros International.

The stake was acquired after Eros International this month completed the transfer of its primary share listing from London’s second tier Alternative Investment Market to the main New York Stock Exchange.

Eros cut back the scale and pricing of its recent share sale below its initially indicated range. Finally it sold 5 million shares at $11 apiece.

The company, which is operated from London is a major financier of Indian movies and has distribution operations that span India and 50 territories overseas. Most recently it handled Sanjay Leela Bhansali’s “Ram-Leela” (pictured), adding to a catalog of some 2,000 titles.

With its shares currently trading at $11 the company has a market capitalization of $252 million. It also controls Eros International Media, its Indian subsidiary which has its own separate share listings on both the main Indian bourses.

More Biz

  • poses backstage during the Songwriters Hall

    Cara Hutchison Promoted to Vice President at Rogers & Cowan

    HONG KONG – Fullerton, an investment fund controlled by Singaporean sovereign wealth fund Temasek Holdings, has bought a 7.4% stake in leading Bollywood film distributor Eros International. The stake was acquired after Eros International this month completed the transfer of its primary share listing from London’s second tier Alternative Investment Market to the main New […]

  • Tamara Hrivnak

    Facebook’s Tamara Hrivnak Talks Company’s Music Moves: ‘We Want to Build the Future Together With You’

    HONG KONG – Fullerton, an investment fund controlled by Singaporean sovereign wealth fund Temasek Holdings, has bought a 7.4% stake in leading Bollywood film distributor Eros International. The stake was acquired after Eros International this month completed the transfer of its primary share listing from London’s second tier Alternative Investment Market to the main New […]

  • robert kirkman

    Amazon Orders Animated Series 'Invincible' From 'Walking Dead' Creator Robert Kirkman

    HONG KONG – Fullerton, an investment fund controlled by Singaporean sovereign wealth fund Temasek Holdings, has bought a 7.4% stake in leading Bollywood film distributor Eros International. The stake was acquired after Eros International this month completed the transfer of its primary share listing from London’s second tier Alternative Investment Market to the main New […]

  • Byron Allen Strictly Business

    Strictly Business Podcast: Byron Allen Expands in TV and Film, Fights for 'Economic Inclusion'

    HONG KONG – Fullerton, an investment fund controlled by Singaporean sovereign wealth fund Temasek Holdings, has bought a 7.4% stake in leading Bollywood film distributor Eros International. The stake was acquired after Eros International this month completed the transfer of its primary share listing from London’s second tier Alternative Investment Market to the main New […]

  • Tarana Burke. Participants march against sexual

    'Weinstein Effect' Leads to Jump in Sexual Harassment Complaints

    HONG KONG – Fullerton, an investment fund controlled by Singaporean sovereign wealth fund Temasek Holdings, has bought a 7.4% stake in leading Bollywood film distributor Eros International. The stake was acquired after Eros International this month completed the transfer of its primary share listing from London’s second tier Alternative Investment Market to the main New […]

  • At&t Time Warner Stock Index

    Merger Perks! WarnerMedia Employees Treated to 'Robust' Discounts on AT&T Products

    HONG KONG – Fullerton, an investment fund controlled by Singaporean sovereign wealth fund Temasek Holdings, has bought a 7.4% stake in leading Bollywood film distributor Eros International. The stake was acquired after Eros International this month completed the transfer of its primary share listing from London’s second tier Alternative Investment Market to the main New […]

  • Norman Pearlstine

    Los Angeles Times Officially Returns to Local Ownership; Norman Pearlstine Named Editor

    HONG KONG – Fullerton, an investment fund controlled by Singaporean sovereign wealth fund Temasek Holdings, has bought a 7.4% stake in leading Bollywood film distributor Eros International. The stake was acquired after Eros International this month completed the transfer of its primary share listing from London’s second tier Alternative Investment Market to the main New […]

More From Our Brands

Access exclusive content