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India’s, Eros International (NYSE:EROS), a global player within the Indian media and entertainment arena, have opened for trading on the New York Stock Exchange (NYSE) under the ticker symbol “EROS” after an initial public offering of ordinary shares. Barclays is the Designated Market Maker (DMM) for the company’s stock.
“We’re delighted to welcome Eros International Plc to the NYSE,” said Scott Cutler, Executive Vice President, Head of Global Listings, NYSE Euronext. “Eros International Plc and its Bollywood franchise is one of the largest, most renowned brands in the Indian film entertainment industry.” “Eros International Plc is an excellent addition to the NYSE’s community of leading global companies and underscores the NYSE’s position as the exchange of choice for international listings and the growing trend of international companies raising capital in the US Markets. We congratulate Eros International Plc on its IPO and look forward to a long-standing partnership.”
“This is a significant moment for Eros International that reflects not only our leadership position within the rapidly growing Indian entertainment sector but also our ability to capitalize on the popularity of Indian film content by creating and distributing this content across multiple platforms including traditional as well as emerging new media technologies globally” said Jyoti Deshpande, Group CEO and Managing Director of Eros International Plc. “The New York Stock Exchange is an outstanding partner and we are thrilled to join many other leading entertainment companies from around the globe as a listed company on one of the world’s preeminent capital markets.”
Eros International Plc is the first Indian media company to list on the NYSE. NYSE is the leading destination for 515 companies listing outside their home market. The NYSE currently lists 9 companies from India with a combined market valuation of approximately $140 billion.
