Cains acted as Isle of Man legal advisers to Eros International PLC, a leading global company in the Indian film entertainment industry, on the underwritten public offering of 7,000,000 A ordinary shares at a price of US$14.50 per share. The offering consisted of 6,675,000 shares offered by Eros and 325,000 offered by certain selling shareholders. Eros and an existing shareholder granted the underwriters an option to purchase up to an additional 1,050,000 shares in total.
BofA Merrill Lynch, Jefferies, Wells Fargo Securities and Macquarie Capital acted as joint book running managers and EM Securities acted as co-manager for the offering.
Eros listed on the NYSE in November 2013 prior to which it was listed on AIM.
The Cains Advocates team was led by Mike Edwards and Stephanie Chew. The Cains Fiduciaries team was led by Oliver Webster.