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Business News/ Market / Stock-market-news/  Eros to acquire 50% stake in Puja Entertainment
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Eros to acquire 50% stake in Puja Entertainment

Eros International Media Ltd has signed a term sheet to acquire a 50% stake in Puja Entertainment & Films

Eros Chairman Kishore Lulla says “As a studio, we want to continue developing prolific content.”Premium
Eros Chairman Kishore Lulla says “As a studio, we want to continue developing prolific content.”

New Delhi: Eros International Media Ltd on Monday said it will acquire 50% stake in Puja Entertainment and Films but did not disclose the amount involved in the deal.

The company has signed a “term sheet to acquire a 50% stake in Puja Entertainment & Films", Eros International Media said in a BSE filing.

It however did not disclose any financial details of the agreement. Eros Chairman Kishore Lulla said: “As a studio, we want to continue developing prolific content."

Puja Entertainment Chairman Vashu Bhagnani said: “Puja films has been in the movie making business for the past 20 years and it is crucial to partner with a global player like Eros to continue making meaningful and profitable cinema."

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Published: 20 Jun 2016, 03:30 PM IST
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