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Srei Equipment Finance has invoked 20 lakh pledged shares, aggregating to 2.08 per cent stake, in Eros International Media.
“The company has invoked a pledge on the equity shares of Eros International Media as per the provisions of the pledge agreement dated July 3, 2017,” Srei Equipment Finance said in a regulatory filing.
Srei Equipment Finance gets EoI from Makara Cap for ₹2,200-cr investment
The pledge was invoked on July 9, 2013, it added.
Srei Equipment Finance held 12.71 per cent stake in Eros Media earlier; post invocation, it stands at 10.63 per cent.
Srei Equipment Finance receives EoI from global investors to infuse up to $250 m
Shares of Eros Media were trading 2.30 per cent higher at ₹26.65 apiece on BSE.
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