Eros Gains Ahead of Rival Shemaroo's IPO
Eros International Media gained 2.6 per cent on Wednesday.
Traders expect Eros shares to benefits after rival Shemaroo Entertainment Pvt's IPO is seen pricing at higher multiples.
Shemaroo's $19.67 million IPO is seen priced at 15-17 times of FY14 earnings, traders said.
Eros traded at 9.2 times its 12-month forward earnings, Thomson Reuters data showed.
Copyright: Thomson Reuters 2014
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