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HomeUncategorizedEros gains ahead of rival Shemaroo’s IPO

Eros gains ahead of rival Shemaroo’s IPO

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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.

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