Eros International Plc has secured funding of $100 million for five years from Citigroup Global Markets Limited.
The funds will be used for acquisition of other companies and content production with an aim to consolidate the fragmented Indian entertainment content sector.
Eros International chairman and CEO Kishore Lulla said, “This facility will increase Eros’ firepower to create significant value for our shareholders and partners through the acquisition and production of Indian entertainment content.
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