Eros International Surges on Zee TV Content Deal
Shares in Eros International Media Ltd rose as much as 10.1 per cent to their highest since November 2011.
Eros acquires the worldwide rights on 10 shows from Zee TV. Terms of the deal not disclosed.
"The deal is positive for Eros as it adds a significant value to the company's offerings," said an institutional analyst with a foreign brokerage.
Eros shares up 8.15 per cent at Rs 245.45 at 11:12 a.m.
Zee Entertainment Enterprises Ltd shares rise as much as 1.6 per cent.
Copyright: Thomson Reuters 2014
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