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Eros International Media Ltd’s promoter group entity Eros Worldwide FZ LLC said it has sold over 11.71 million shares of the company this fiscal to pay off over $40 million of debt. “Eros Worldwide FZ LLC...completes sale of 11,716,850 shares of Eros International Media Ltd (EIML) between April and August 2017, amounting to over $40 million to reduce its revolving credit facility,” a company statement said. With the pay down from sale of shares and internal accruals, the $123 million facility now stands reduced to approximately $45 million, the company said.
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