Eros International Plc is acquiring 76% stake in B4U Television Network India 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.
Eros co-produces, acquires and distributes Indian language films, in multiple formats worldwide. In October 2010, Eros International listed its Indian subsidiary Eros International Media on the BSE & NSE in India.
Eros International Media operates on a vertically integrated studio model controlling content as well as distribution & exploitation across multiple formats globally, including cinema, digital, home entertainment and television syndication.
Eros International Media on BSE
Recently, ABP Private Limited was planning to buy out Star Group Limited’s stake in news television JV- Media Content and Communications Services India Private Limited.
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