{"id":1449,"date":"2018-08-06T16:45:54","date_gmt":"2018-08-06T16:45:54","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=1449"},"modified":"2018-08-06T16:45:54","modified_gmt":"2018-08-06T16:45:54","slug":"reliance-industries-completes-acquisition-of-5-stake-in-eros-international-plc-at-15-00-per-share","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/reliance-industries-completes-acquisition-of-5-stake-in-eros-international-plc-at-15-00-per-share\/","title":{"rendered":"Reliance Industries Completes Acquisition of 5% Stake in Eros International PLC at $15.00 Per Share"},"content":{"rendered":"<p style=\"font-weight: 400\">Eros International PLC (NYSE: EROS), a leading global company in the Indian film entertainment industry, announced today that following customary approval processes, the sale of a 5% stake in Eros to Reliance Industries Limited, previously announced on February 20, 2018, has been completed.<\/p>\n<p style=\"font-weight: 400\">Reliance has acquired 3,111,088 newly issued A ordinary shares from Eros which represents 5.0% of Eros\u2019 current issued and outstanding ordinary share capital on a pro forma basis. The purchase price was $15.00 per share, which represents a total cash consideration of $46.6 million.<\/p>\n<p style=\"font-weight: 400\">Goldman\u00a0Sachs &amp; Co. LLC acted as exclusive financial advisor to Eros International Plc in this transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eros International PLC (NYSE: EROS), a leading global company in the Indian film entertainment industry, announced today that following customary approval processes, the sale of a 5% stake in Eros to Reliance Industries Limited, previously announced on February 20, 2018, has been completed. Reliance has acquired 3,111,088 newly issued A ordinary shares from Eros which [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[836,838,837],"class_list":["post-1449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eros-international-plc","tag-goldman-sachs-co-llc","tag-indian-film-entertainment-industry"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reliance Industries Completes Acquisition of 5% Stake in Eros International PLC at $15.00 Per Share - Finance Intellect<\/title>\n<meta name=\"description\" content=\"Eros International PLC (NYSE: EROS) (\u201cEros\u201d), a leading global company in the Indian film entertainment industry, has announced that following customary approval processes, the sale of a 5% stake in Eros to Reliance Industries Limited (\u201cReliance\u201d), previously announced on February 20, 2018, has been completed.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financeintellect.com\/home-page\/home\/reliance-industries-completes-acquisition-of-5-stake-in-eros-international-plc-at-15-00-per-share\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reliance Industries Completes Acquisition of 5% Stake in Eros International PLC at $15.00 Per Share - Finance Intellect\" \/>\n<meta property=\"og:description\" content=\"Eros International PLC (NYSE: EROS) (\u201cEros\u201d), a leading global company in the Indian film entertainment industry, has announced that following customary approval processes, the sale of a 5% stake in Eros to Reliance Industries Limited (\u201cReliance\u201d), previously announced on February 20, 2018, has been completed.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/financeintellect.com\/home-page\/home\/reliance-industries-completes-acquisition-of-5-stake-in-eros-international-plc-at-15-00-per-share\/\" \/>\n<meta property=\"og:site_name\" content=\"Finance Intellect\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-06T16:45:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/08\/eros.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"274\" \/>\n\t<meta property=\"og:image:height\" content=\"184\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"FI Online\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Fin_Intellect\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"FI Online\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-industries-completes-acquisition-of-5-stake-in-eros-international-plc-at-15-00-per-share\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-industries-completes-acquisition-of-5-stake-in-eros-international-plc-at-15-00-per-share\/\"},\"author\":{\"name\":\"FI Online\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130\"},\"headline\":\"Reliance Industries Completes Acquisition of 5% Stake in Eros International PLC at $15.00 Per Share\",\"datePublished\":\"2018-08-06T16:45:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-industries-completes-acquisition-of-5-stake-in-eros-international-plc-at-15-00-per-share\/\"},\"wordCount\":110,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/reliance-industries-completes-acquisition-of-5-stake-in-eros-international-plc-at-15-00-per-share\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/08\/eros.jpg\",\"keywords\":[\"Eros International PLC\",\"Goldman\u00a0Sachs &amp; Co. 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