Bollywood film distributor lists on London's alternative market

Bollywood film group Eros International Plc, which owns and distributes Indian films globally, raises about 22.5 million pounds ($41.48 million) on London's Alternate Investment Market.

On July 4 Bollywood film group Eros International Plc announced that it had raised about 22.5 million pounds $41.48 million in an offering on London's Alternate Investment Market AIM. Eros International owns and distributes Indian films around the world in a variety of formats. For the nine month period ended December 31, 2005 Eros recorded revenues of $32.2 million on which it earned an EBITDA of $12.6 million.

In a release the Exchange said the company has an initial...

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