Hindi
Eros to raise Rs 3.5 bn via India IPO
MUMBAI: Eros International Media, a subsidiary of Aim-listed Eros International Plc, is planning to raise Rs 3.5 billion via an initial public offering (IPO).
The company is also considering a pre-IPO placement of up to Rs 200 million with certain investors.
Eros, which has filed its draft red herring prospectus (DRHP) with the Securities & Exchange Board of India (SEBI), said that the issue is for less than 25 per cent of the post-issue capital of the company.
At present, of a total of 71.41 million equity shares, Eros Worldwide holds 69.60 per cent stake while Indian company Eros Digital Private Limited holds 30.39 per cent. The remaining is with the individual promoters.
The company will use Rs 2.8 billion from the proceeds of the issue to acquire and co-produce Indian film rights, primarily Hindi films, as also Tamil and other regional language films. The surplus amount will be used towards general corporate purposes including meeting future growth requirements.
In FY ‘10, the company released 19 Hindi and 75 regional language films.
For the year ended 31 March 2009, Eros International reported a consolidated net profit of Rs 733.01 million on a total income of Rs 6.28 billion. For the six-month period ended September 2009, Eros posted a net profit of Rs 471.07 million on a turnover of Rs 3.39 billion. The company has a debt of Rs 2.10 billion.
Enam Securities, Kotak Mahindra Capital Company, Morgan Stanley India and RBS Equities (India) Limited are the book-running lead managers, while Link Intimate India is registrar to the proposed offer.
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.
