Confident of ad, subscription revenue from Zee deal: Eros

This partnership would allow Eros Now to showcase Zee's television content ranging from serials and soaps to reality shows.

We started the year on a positive note and we are confident of healthy growth

Kamal Jain

Group CFO

Eros International

Eros International's  on-demand entertainment portal, Eros Now has acquired worldwide rights of Zee TV shows. Speaking to CNBC-TV18 about the deal, Kamal Jain, Group CFO –India, Eros International said the company is confident of seeing ad and subscription revenue from Zee worldwide model. Also, not much investment was required in Zee worldwide deal.

This partnership would allow Eros Now to showcase Zee's television content ranging from serials and soaps to reality shows.

At 12:56 hrs Eros International Media was quoting at Rs 241.00, up Rs 13.80, or 6.07 percent.

 Transcript to follow shortly

Eros Intl stock price

On August 20, 2014, at 14:10 hrs Eros International Media was quoting at Rs 238.40, up Rs 11.20, or 4.93 percent. The 52-week high of the share was Rs 249.80 and the 52-week low was Rs 106.50.

The company's trailing 12-month (TTM) EPS was at Rs 12.77 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 18.67. The latest book value of the company is Rs 96.51 per share. At current value, the price-to-book value of the company is 2.47.

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