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Business News/ Market / Stock-market-news/  Eros International surges 10% on Zee TV content deal
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Eros International surges 10% on Zee TV content deal

Eros acquired the worldwide rights on 10 shows from Zee Entertainment

Shares of Eros International Media rose to their highest since November 2011. Premium
Shares of Eros International Media rose to their highest since November 2011.

Mumbai: Shares of Eros International Media Ltd rose as much as 10% to their highest since November 2011. Eros acquired the worldwide rights on 10 shows from Zee Entertainment Enterprises Ltd.

Terms of the deal were not disclosed. “The deal is positive for Eros as it adds a significant value to the company’s offerings," said an institutional analyst with a foreign brokerage.

Shares of Eros International were trading up 6.65% at 242.30 apiece at 11.59am on Wednesday on BSE, while the benchmark Sensex was trading 0.32% lower at 26,334.95.

Zee Entertainment shares rose as much as 1.9% before trading 1.63% higher at 287.25 apiece at 12pm on Wednesday on BSE, while the benchmark Sensex was trading 0.13% lower at 26,387.52. Reuters

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Published: 20 Aug 2014, 12:05 PM IST
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