Reliance Industries Completes Acquisition of 5% Stake in Eros International PLC at $15.00 Per Share

Eros International PLC (NYSE: EROS) (“Eros”), a leading global company in the Indian film entertainment industry, announced today that following customary approval processes, the sale of a 5% stake in Eros to Reliance Industries Limited (“Reliance”), previously announced on February 20, 2018, has been completed.

Reliance has acquired 3,111,088 newly issued A ordinary shares from Eros which represents 5.0% of Eros’ current issued and outstanding ordinary share capital on a pro forma basis. The purchase price was $15.00 per share, which represents a total cash consideration of $46.6 million.

Goldman Sachs & Co. LLC acted as exclusive financial advisor to Eros International Plc in this transaction.

About Reliance Industries Limited 

Reliance is India’s largest private sector company, with a consolidated turnover of INR 430,731 crore (USD 63.3 billion) and net profit of INR 36,075 crore (USD 5.3 billion) for the year ended March 31, 2018. 

Reliance is the first private sector company from India to feature in Fortune’s Global 500 list of ‘World’s Largest Corporations’ – currently ranking 203rd in terms of revenues, and 110th in terms of profits. The company stands 106th in the ‘Forbes Global 2000’ rankings for 2017 – the top-most among Indian companies. It ranks 10th in LinkedIn’s ‘Top Companies Where India Wants to Work Now’ (2017).  Reliance activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services. 

About Eros International Plc 

Eros International Plc (NYSE: EROS) is a leading global company in the Indian film entertainment industry that acquires, co-produces and distributes Indian films across all available formats such as cinema, television and digital new media. Eros International Plc became the first Indian media company to list on the New York Stock Exchange. Eros International has experience of over three decades in establishing a global platform for Indian cinema. The Company has an extensive and growing movie library comprising of over 3,000 films, which include Hindi, Tamil, and other regional language films. The company also owns the rapidly growing OTT platform Eros Now. For further information please visit: www.erosplc.com.

Yami's new cover is oozing sexy, stylish and fierce

Yami Gautam has been spotted on the cover of The Week Smart Life Magazine. Shot by Rohan Shreshtha, Yami who is the cover for August has all our attention.

The inside spread is a feast to the eyes with the Batti Gul actress flaunting her extremely fit body, the gorgeous haircut and some eye-catching outfits.

Yami will be seen in Batti Gul Meter Chaalu alongside Shahid Kapoor and Shraddha Kapoor and opposite Vicky Kaushal in Uri.

Styled by : Aastha Sharma & Reann Moradian

Hair by: Humera Shaikh

Make up by : Nikita Thadani

Here’s the four interesting looks of Annup Sonii for his upcoming short film

Annup Sonii will be seen sporting not just one but eight interesting looks in his forthcoming short film based on real-life crime.  

The talented actor who has for long been anchoring the reality-based television show, Crime Patrol, is now set to feature in a short film, his characters look were revealed recently.

Annup who is excited to play the protagonist will be portraying eight different characters. Going by the interesting look of his four characters revealed recently, Annup is set to spring a huge surprise on the audience and his fans.

A source informs, “Though the details of his characters have been kept under wraps, Annup will create a huge impact with the characters that he is playing. The makers of the show are brainstorming on the cases they wish to explore, with Annup also helping them zero in on the final list. Special emphasis is being given to the writing, because they don't want to unnecessarily sensationalise topics.

The short film which is said to be similar to his previous show in terms of its genre will mark Anuup’s return to acting.

Being created for an online platform, the currently untitled show is scheduled to go on floors by the end of the year.

Ridhima Lulla joins The Indian Chamber of Commerce as M&E Head of the Western India Expert Committee

India’s leading body of business and industry, The Indian Chamber of Commerce (ICC), has appointed Eros Group’s Chief Content Officer Ridhima Lulla as the Head of the Western India Expert Committee in Media & Entertainment. Formed by a group of pioneering industrialists, ICC members include several corporate groups in the country, with business operations panning across India and abroad. 

Ridhima’s appointment is a testament of her talent and dedication towards the media and entertainment ecosystem. With her core focus on the creative expression, she plays a key role in the leadership team at Eros International, driving the company's content strategy. She has been actively involved in Eros’s movie business with projects at all stages. Ridhima has also been strengthening the original content strategy for Eros Now, the premiere Video OTT platform by Eros, thus re-establishing its leadership position as a digital entertainment company. 

Commenting on the appointment, Ridhima Lulla said, “I am humbled and happy to join The Indian Chamber of Commerce board. The media & entertainment landscape in India is currently in a very exciting phase and I believe that the coming years are going to be crucial in how the world looks at the Indian M&E industry. At ICC, my aim will be to elevate the ecosystem with creative and collaborative thinking along with other worthy members on the board.”

Neha Kakkar’s fan moment with Kamal Haasan on Indian Idol 10

India’s biggest singing reality show Indian Idol 10 is creating waves amongst the audiences with spell binding performances from its top 14 contestants. The show is all set to entertain viewers with an amazing line up of songs over the weekend. Legendary actor Kamal Haasan will also grace the stage. He will wow the viewers in the special ‘Thank You’ episode which features the contestants and the superstar thanking the important people in their lives because of whom they have achieved success and reached such an important stage in their life. The star who is soon to release his mega movie – Vishwaroopam 2 was delighted to be on the show. The uber talented actor turned nostalgic as the singers belted out tunes from his yesteryear movies such as Ek Duje Ke liye, Saagar etc. 

The mere presence of a superstar like Kamal Haasan can make any contestant conscious before their performance. Interestingly, our very own judge Neha Kakkar had a fan moment on the sets and was in total awe of the “Hindustani” hero. When Neelanajana Ray stepped up and delivered a fantastic performance with her rendition of ‘Tere Mere Beech Mein’ from Kamal ji’s landmark movie – Ek Duje Ke Liye, Kamal Haasan was all praises for her. The ever smiling actor congratulated Neelanjana on singing such a difficult song with finesse, a song from an era when she wasn’t even born! He also added that he envies Neelanjana for the singing talent that she possesses and even joyfully joined in the performance with a short Tamil dialogue. Witnessing this, Neha Kakkar too expressed her wish to relive the same moment with Kamal ji. When the Southern Super-star repeated his dialogue, Neha Kakkar could only giggle like a nervous teenager before completing her bit of the dialogue! 

Neha Kakkar said, “It was such an amazing moment to have a living legend like Kamal Haasan ji on our show. His mere presence is so inspiring. I am blessed that I got the opportunity to share a stage with him and we also sang a duet together – Jitne Bhi Tu Kar Le Sitam’. Kamal ji is a powerhouse of talent! And the way he spoke to everyone was truly remarkable. He even boosted the confidence of all the contestants on stage. I have never till date learnt so many valuable lessons from an individual in a single day. It was an honor to have him on Indian Idol 10.”