Eros takes stake in Bhagnani’s firm

Eros International Media Ltd has acquired a 50 per cent stake in veteran producer Vashu Bhagnani’s company Puja Entertainment & Films Ltd for an undisclosed amount. Under the deal, Bhagnani’s ’90s blockbusters, including Hero No 1 , Coolie No 1 and Biwi No 1 , will be remade. The deal will also allow Eros access to Puja’s library of all-time hits like Bade Miya Chote Miya , Rehna Hai Tere Dil Main and F.A.L.T.U . In addition to the remakes, new projects are in the pipeline as well.