Hindi
Eros lines up anchor investors
MUMBAI: Eros International, the India unit of Eros International Plc, has firmed up nine anchor investors including Reliance Mutual Fund, IDFC and Blackstone, a source familiar with the development said.
The anchor investors would take up Rs 690 million as Eros proposes to raise Rs 3.5 billion through a public float in India.
The initial public offering (IPO) issue starts on 17 September and closes on 21 September.
India Capital Fund is the other name floating around, the source added.
Eros is expected to post a net profit of Rs 1.1 billion in FY‘11, up from Rs 827.95 million a year ago, making it the most profitable Indian movie company. Analysts project the net profit to touch Rs 1.5 billion in FY‘12 if things go down well with the company.
The pure play movie company reported a revenue of Rs 6.55 billion in FY‘10 compared to UTV Motion Pictures‘ topline of Rs 3.15 billion. “It is easily the largest film company in terms of revenue. It has a proven track record but in the movie world nothing can be predictable,” a market analyst said.
Eros has fixed the price band of its IPO between Rs 158-Rs 175 a share.
The Aim-listed Eros International Plc has a market cap of Rs 21.94 billion (304.33 million GBP). It plans to shift to London‘s main bourse after completing its India listing.
Hindi
YRF Entertainment appoints Saugata Mukherjee as head of content
Former SonyLIV content head to steer films and series at streaming arm
MUMBAI: YRF Entertainment, the streaming arm of Yash Raj Films, has appointed Saugata Mukherjee as head of content, signalling a strong push to scale its original films and series slate.
Mukherjee joins the company following a successful three-and-a-half-year stint at SonyLIV, where he served as executive vice president and head of content. In his new role, he will report to CEO Akshaye Widhani and lead the creative direction and commissioning strategy for YRF Entertainment’s growing slate.
The appointment comes on the back of YRF Entertainment’s recent global success with titles such as The Romantics, The Railway Men and Mandala Murders, which have helped position the studio as a serious player in the streaming space.
At SonyLIV, Mukherjee played a key role in shaping the platform’s identity as a premium content destination. Under his leadership, the service delivered acclaimed originals across genres, building a reputation for storytelling depth and creative risk-taking. His exit was described as “one of the harder goodbyes”, reflecting both the impact of his tenure and the strength of the team he leaves behind.
Mukherjee brings with him a wide-ranging career that spans publishing, television and streaming. Before SonyLIV, he led content initiatives at HBO Max under Warner Bros. Discovery, where he was instrumental in shaping the platform’s India strategy. His earlier roles include senior leadership positions at Hotstar and Star TV, where he worked on building original content pipelines and collaborating with top creative talent.
With a career that began in publishing at firms like HarperCollins and Pan Macmillan, Mukherjee’s journey reflects a deep-rooted understanding of storytelling across formats and platforms.
His move to YRF Entertainment comes at a time when the battle for streaming audiences is intensifying, with studios doubling down on high-quality originals to stand out in a crowded market.
For YRF, the appointment is more than just a leadership hire. It is a clear signal that the studio is ready to scale its streaming ambitions, with Mukherjee expected to play a central role in shaping its next chapter.
