Eros International Plc is acquiring 76% stake in @B4U_Television Private Limited for $53.1 Mn.
Eros already owns 24% stake in the television network, but has not exercised significant influenceover the company. Eros will purchase the 76% it does not currently own.
B4U Television is a global television network that provides Indian programming across two digital television channels, B4U Music and B4U Movies.
B4U is available in more than 100 countries, including India, the UK, the US, Canada and countries in Middle East and Africa.