Brief: Eros International Media says Eros Worldwide sells part of stake in EIML to reduce debt

Eros International Media

22/08/2017 04:32

Aug 22 (Reuters) - Eros International Media Ltd  EROS.NS  
    * Says Eros Worldwide pays down over $40 million of debt 
through EIML share sale 
    * Says post sale, Eros Worldwide continues to hold 
controlling stake at 60.47 percent of EIML 
    * Says with paydown from sale of shares and internal 
accruals, $123 million facility now stands reduced to about $45 
million 
 
Source text for Eikon:  ID:nBSE3HyTtD  
Further company coverage:  EROS.NS  
 
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