Shares of Eros International, the Indian media production and distribution company, jumped over 5% early on Wednesday after Reliance Industries has agreed to acquire a 5% stake in the media firm through a subsidiary. Reliance and Eros International Media, have agreed to partner to jointly produce and consolidate content from across the country.
Shares of Eros International Media were trading 5.51% up at Rs 208.60 in the morning hours of trade. The stock opened at Rs 219 and touched high of Rs 219 and low of an Rs 207.10 during morning deal, while the Benchmark BSE Sensex went up 60 points to 33,765. Get Stock Tips for Eros International Media.