India's Eros International Media gains as parent co ties up with Saudi Arabia
28/10/2022 07:18
** Shares in Eros International Media EROS.NS , which
co-produces and distributes Indian language films, rise as much
as 2.8% to 34.35 rupees
** Eros' parent ErosMedia, after Indian markets closed
Thursday, said it had tied up with Ministry of Investment in
Kingdom of Saudi Arabia (MISA)
** MISA will help ErosMedia to expand in Saudi Arabia, forge
local partnerships and engage with multiple investors, according
to a securities filing
** Through last close, EROS shares had gained around 76%
this year
(Reporting by Praveen Paramasivam)
((Praveen.Paramasivam@thomsonreuters.com;))