ISLE OF MAN–(BUSINESS WIRE)–Eros International Plc (NYSE:EROS), a Global Indian Entertainment
Company, today provided further clarification regarding the credit
rating downgrade at its majority owned subsidiary, Eros International
Media Limited (“EIML”). The Company offered the following statement:
“As previously communicated through our Indian subsidiary, EIML was late
on two loan interest payments for April and May 2019. These interest
payments total less than $2 million and are currently in process of
We want to reiterate our total consolidated cash on balance sheet at
Eros International Plc was $134.9 million as of December 31st,
2018. In addition, EIML has recently announced a strong set of 2019
Fiscal Year end results.
We look forward to discussing Eros International Plc’s Fiscal Year end
2019 results with the market on July 15th, 2019.”
About Eros International Plc
Eros International Plc (NYSE: EROS) a Global Indian Entertainment
company 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 for home entertainment distribution. The Company also owns the
rapidly growing OTT platform Eros Now.
For further information, please visit: www.erosplc.com.
Chief Corporate and Strategy Officer
+44 207 258 9909
Sloane & Company
+1 212 446 1875