Eros International Plc (the "Company"), a leading global company in the Indian film entertainment industry, today announces, further to its planned EGM on 24 April 2012, a second EGM on 3 May 2012 to authorise the Company to undertake a 1 for 3 share consolidation in connection with its planned registered public offering in the US and listing on the New York Stock Exchange ("NYSE"). The Company also announces an updated expected timing of its proposed delisting from AIM.
Film reports biggest opening this year after Agneepath
Mumbai, 11th April, 2012: Eros International Plc (Eros), a leading global company in the Indian film entertainment industry, has announced an opening weekend collection of US$14.1 million worldwide for Sajid Khan's Housefull 2. The film, co-produced in association with Nadiadwala Grandson Entertainment released on 6th April, 2012 worldwide. The film has grossed US$11.1 million in India (Net collection: US$ 7.8 million) and US$ 2.9 million overseas.
The first of Eros' big ticket releases this summer, Housefull 2 enjoyed a wide release on 3,000 plus screens worldwide.
Speaking on the film's opening, Nandu Ahuja, Sr. VP, India Theatrical, Eros said, "Despite releasing during the IPL cricket frenzy, Housefull 2 has opened well in theaters across India. With its strong weekend performance, we believe Housefull 2 has also lived up to its name like its predecessor."
Housefull 2 is a comedy directed by Sajid Khan and produced by Sajid Nadiadwala. It is the sequel to the 2010 hit, Housefull. The film features Akshay Kumar, John Abraham, Ritesh Deshmukh, Shreyas Talpade, Asin, Jacqueline Fernandez, Zarine Khan and Shahzan Padamsee. It also features veteran actors such as Mithun Chakraborty, Randhir Kapoor, Rishi Kapoor and Boman Irani in supporting roles. Malaika Arora Khan features in an item-number song. The music has been composed by duo Sajid-Wajid.
In the Telegraph it’s all about Eros (which is not this writer’s first thought on a Tuesday morning) but Questor is actually talking about the Bollywood films producer which has announced its intention to quit London’s AIM market and seek better access to capital in the US.
The decision has seen the company rise sharply as investors have begun to realise its earnings multiple is set to fall to just 6.8 next year.
Questor is tempted to take profits on recent rises but says for those who like the play, it is worth staying in for the ride.
with hindsight and more trading experience, I guess this was bound to rise as the shares I assume will be worth more on the New York exchange as they will have a higher profile. Anyway, in a small profit for now which is more than can be said of some other shares I'm in!
was recommended this a few years back at about £1.50 and this is in my pension portfolio. Will have to sell up now as its just too complicated holding foreign stock for me atm. Bummer really, this was a long term hold for me.
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