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Eros International prices IPO at $11, below expectations

November 13, 2013

Eros International, which produces and distributes Indian films in over 50 countries, raised $55 million by offering 5.0 million shares at $11, below the expected price of $12. Eros International plans to list on the NYSE under the symbol EROS. Deutsche Bank, BofA Merrill Lynch, UBS Investment Bank, Jefferies and Credit Suisse acted as lead managers on the deal.