Eros has sold its stake in Hollywood company STX Entertainment. Post the sale, Eros has a new corporate identity — Eros Media World PLC. The company has announced additions to its Board of Directors and management team.
Rishika Lulla Singh has been appointed as the new executive chairperson while Pradeep Dwivedi, as the CEO, and Rajesh Chalke, as the CFO.
Eros has already repaid $152 million of outstanding JP Morgan credit facility and subordinated credit facilities at STX level.