ITV

Tag: FZ LLC

  • Eros Worldwide pays off $40 million

    Eros Worldwide pays off $40 million

    BENGALURU: Eros Worldwide FZ LLC, the promoter of Eros International Media Limited has informed the bourses today that it has completed sale of 11,716,850 shares of EIML between April to August 2017 amounting to over $40 million to reduce its revolving credit facility. The company says that with the paydown from sale of shares and internal accruals, the $123 million facility now stands reduced to approximately $45 million. Post this sale and as of date, Eros Worldwide together with Eros Digital Private Limited continues to own 60.47% of EIML.

    Eros International is a leading global company in the Indian film entertainment industry, which co-produces, acquires and distributes Indian language films in multiple formats worldwide.

    At the time of filing of this report, EMIL shares of face value of Rs 10 each, were trading at Rs 174.75, down 3.21 percent from the previous close of Rs 180.55. The share had opened this morning at Rs 181.55.

  • Balaji Telefilms Q2 net rises at Rs 193 million

    Balaji Telefilms Q2 net rises at Rs 193 million

    MUMBAI: Balaji Telefilms recorded a jump in net profit to Rs 193 million for the quarter ended 30 September 2006. The company’s revenues stood at Rs 837.95 million up from Rs 714.22 million a year ago.

    The operating profit recorded Rs 312.92 million from Rs 295.64 million as against the same corresponding period last year.

    It recorded an expenditure of Rs 525.03 million from Rs 418.58 million a year ago. The company’s expenditure include, cost of production and telecast fees of Rs 434.311 million, staff cost Rs 22.188 million and other expenditure Rs 70.771 million.

    The company has appointed Paul Francis Aiello, nominee of Asian Broadcasting FZ LLC as additional director in place of Michelle Guthrie who has resigned as nominee director of Asian Broadcasting FZ LLC from board of the company, both effective from 20 October.