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Indian film producer Eros International files for $250 million US IPO

April 2, 2012

Eros International, which produces and distributes Indian films in over 50 countries, filed on Friday with the SEC to raise up to $250 million in an initial public offering. The Secaucus, NJ-based company, which was founded in 1977 and booked $207 million in sales in 2011, plans to list on the NYSE under the symbol EROS. The company's shares currently trade on the London Stock Exchange, but this listing will be canceled after the offering. Deutsche Bank Securities, BofA Merrill Lynch, Citi and UBS are the joint bookrunners on the deal.