Temasek unit buys stake in NYSE-listed India firm
Fullerton's 8.7% stake in Eros Int'l, a film distributor, is valued at US$22m
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[SINGAPORE] Fullerton Fund Management, owned by Singapore's Temasek Holdings, has bought a stake in Indian film distributor Eros International, gaining a foothold in the movie industry known as Bollywood.
Fullerton now holds 8.7 per cent in Eros, according to a Monday filing with the US Securities and Exchange Commission (SEC).
The stake was bought on Nov 13, the day that Mumbai-based Eros began trading on the New York Stock Exchange. The stake is valued at about US$22 million, based on the company's closing price on Tuesday.
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