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Eros -24% after $25M equity-linked financing

Sep. 26, 2019 12:02 PM ETEros Media World Plc (EMWPF) StockBy: Jason Aycock, SA News Editor3 Comments
  • Eros International (EROS) is 23.9% lower today on volume that has surpassed daily averages after the company registered an offering of $27.5M in senior convertible notes for $25M in equity-linked financing.
  • The company plans to use the $25M (gross proceeds) for general purposes.
  • The offering's expected to close on or around Sept. 30.

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