ISLE OF MAN--(BUSINESS WIRE)--Eros International Plc (NYSE: EROS), a Global Indian Entertainment Company, announced today that its Board of Directors has decided to enter into a formal review process to evaluate and explore strategic alternatives for the Company. Eros has engaged Citigroup Global Markets Inc. as its strategic advisor and Gibson, Dunn & Crutcher LLP as legal advisor.
There can be no assurance that this review process will result in any transaction or that any transaction, if pursued, will be completed. The Company has not set a timetable for the conclusion of its review and does not currently intend to disclose further developments with respect to this process, unless and until its Board of Directors approves a specific transaction or otherwise concludes the review of strategic alternatives, or has determined that further disclosure is appropriate or required by law.
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.