Hindi
AIM-listed Eros firms up India IPO plans
MUMBAI: AIM-listed movie studio Eros International has firmed up plans for a public float in India to ride the wave of a revival in the primary markets as capital overseas is drying up to fuel further growth.
The company said today in a regulatory filing to the London Stock Exchange that it would list Eros International Media Ltd, its wholly owned subsidiary company in India.
The company has appointed Enam, Kotak and RBS (Royal Bank of Scotland) to act on the proposed Indian IPO (initial public offering). Eros is expecting to complete the exercise by the end of this fiscal year.
Eros said it will not dilute more than 25 per cent equity in the company. “It is currently intended that any new funds raised by Eros India in the Indian IPO will not result in a dilution of the company‘s ownership in excess of 25 per cent,” it said.
Eros is riding high on the two major successes, Kambakkth Ishq and Love Aaj Kal, and other regional films including Me Shivaji Raje Bhosale Boltoy, Tera Mera Ki Rishta and Kandasamy.
Eros expects the fund raising to help a material reduction in the net debt by the financial year-end.
For the fiscal ending March 2009, the company posted a net profit of $40.83 million on an income of $156.7 million.
Eros International is the second AIM-listed entertainment company that is planning an IPO. Recently Hyderabad-based animation, gaming and VFX company DQ Entertainment announced its plans to list in India.
Hindi
Dhurandhar the revenge storms past Rs 1,000 crore in a week, rewrites box office records
Aditya Dhar’s spy thriller sets fastest run to Rs 1,000 crore with record-breaking weekday hold
MUMBAI: The box office has a new juggernaut—and it is moving at breakneck speed. Dhurandhar the revenge has smashed past the Rs 1,000 crore mark worldwide in just a week, clocking a staggering Rs 1,088 crore and resetting the rules of the blockbuster game.
Backed by Jio Studios and B62 Studios, and directed by Aditya Dhar, the spy action sequel opened to the biggest weekend ever for an Indian film globally—and then refused to slow down. Unlike typical tentpole releases that taper off after Sunday, this one powered through the weekdays with rare muscle, posting Rs 64 crore on Monday, Rs 58 crore on Tuesday, Rs 49 crore on Wednesday and Rs 53 crore on Thursday.
The numbers stack up to a formidable first-week haul. India collections stand at Rs 690 crore nett and Rs 814 crore gross, while overseas markets have chipped in Rs 274 crore, taking the worldwide total to Rs 1,088 crore in just eight days.
The film’s opening weekend alone delivered Rs 466 crore, laying the foundation for what is now being billed as the fastest climb to the Rs 1,000 crore club in Indian cinema. Every single day of its first week has set fresh benchmarks, from the highest opening weekend to the strongest weekday hold—metrics that typically separate hits from phenomena.
A sequel to the earlier hit Dhurandhar, the film has not just built on its predecessor’s momentum but obliterated previous records, emerging as the biggest global blockbuster run by an Indian film to date.
At this pace, the film is not merely riding a wave—it is creating one.
