ISLE OF MAN–(BUSINESS WIRE)–Eros International Plc (NYSE: EROS), a Global Indian Entertainment
Company, announced today that its Board of Directors has decided to
enter into a formal review process to evaluate and explore strategic
alternatives for the Company. Eros has engaged Citigroup Global Markets
Inc. as its strategic advisor and Gibson, Dunn & Crutcher LLP as legal
There can be no assurance that this review process will result in any
transaction or that any transaction, if pursued, will be completed. The
Company has not set a timetable for the conclusion of its review and
does not currently intend to disclose further developments with respect
to this process, unless and until its Board of Directors approves a
specific transaction or otherwise concludes the review of strategic
alternatives, or has determined that further disclosure is appropriate
or required by law.
About Eros International Plc
Eros International Plc (NYSE: EROS) a Global Indian Entertainment
company that acquires, co-produces and distributes Indian films across
all available formats such as cinema, television and digital new media.
Eros International Plc became the first Indian media company to list on
the New York Stock Exchange. Eros International has experience of over
three decades in establishing a global platform for Indian cinema. The
Company has an extensive and growing movie library comprising of over
3,000 films, which include Hindi, Tamil, and other regional language
films for home entertainment distribution. The Company also owns the
rapidly growing OTT platform Eros Now.
For further information, please visit: www.erosplc.com.
Chief Corporate and Strategy Officer
+44 207 258 9909
Sloane & Company
+1 212 446 1875