Srei Equipment Finance invokes 2.08% stake in Eros International Media

PTI Updated - July 13, 2021 at 11:37 AM.

Move in line with 2017 pledge agreement, says Srei Equipment Finance

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Srei Equipment Finance has invoked 20 lakh pledged shares, aggregating to 2.08 per cent stake, in Eros International Media.

“The company has invoked a pledge on the equity shares of Eros International Media as per the provisions of the pledge agreement dated July 3, 2017,” Srei Equipment Finance said in a regulatory filing.

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The pledge was invoked on July 9, 2013, it added.

Srei Equipment Finance held 12.71 per cent stake in Eros Media earlier; post invocation, it stands at 10.63 per cent.

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Shares of Eros Media were trading 2.30 per cent higher at ₹26.65 apiece on BSE.

Published on July 13, 2021 05:13