MUMBAI: Bollywood has not had a strong listed entity in India. That is set to change as Eros International Media Ltd (EIML) made rapid strides on the debut day of trading on the bourses to reinforce its position as the most valuable Indian movie company.
Listing at the issue price of Rs 175, the shares of the pure play movie company peaked to an intra day high of 217.7 and touched a low of Rs 178.60 before finally closing at Rs 190.05, up 8.6 per cent.
A total of 21.94 million shares were traded during the day.
Meanwhile, on NSE, the stock closed at Rs 189, up 8 per cent. The stock saw an intra day high of Rs 213.95 and a low of Rs 177.65.
A total of 36.09 million shares of EIML were traded on the opening day at NSE.
As reported earlier by Indiantelevision.com, EIML has raised Rs 3.5 billion through its initial public offering (IPO) of up to 18.55 million shares.
