Eros International Prices IPO At $11/share, Below Estimated Range

(RTTNews) - Eros International Plc, India-based film entertainment company, announced Wednesday that it has priced the U.S. initial public offering of 5.00 million of its A ordinary shares at $11.00 per share.

Recently, the company indicated that it planned to offer 5.00 million A ordinary share at priced of $12.00 per share.

The company's A ordinary shares are expected to begin trading on November 13, 2013 on the New York Stock Exchange under the symbol "EROS."

The company said it has granted the underwriters a 30-day option to purchase up to an additional 750,000 A ordinary shares from the company at the initial public offering price to cover over-allotments, if any.

With a film library of over 2000 films, Eros co-produces, acquires and distributes Indian language film content across multiple formats globally, including theatrical, television and digital channels. Following the listing on the NYSE, Eros International Plc intends to delist from the Alternative Investment Market of the London Stock Exchange.