London / Mumbai, 13th Jan 2010: Eros International Plc, the London-listed Indian media and entertainment company, today announced, Mr. Kishore Lulla who has held office as Chairman and Chief Executive since the Company's AIM listing in July 2006, has split his role and handed over the role of Group CEO to Ms Jyoti Deshpande. Mr. Lulla will continue to drive the vision and strategy of the Group as Executive Chairman.
Already a Director of Eros International Plc since 2006, Jyoti was Group COO & Commercial Director before being promoted as Group CEO & Managing Director.
Commenting on this occasion Mr. Kishore Lulla said "Having worked closely with Jyoti since 1998 when we set up B4U as well as later in Eros, I am delighted that she has agreed to take up the responsibility of Group CEO. She has been an integral part of Eros's exciting growth journey and I have seen her rise through the ranks with us. This move acknowledges her significant contribution to Eros's success over the years and her knowledge and passion for the business. I would like to take this opportunity to wish her the very best in her new role and I am confident the Group will continue to thrive under her leadership."
Adding to this Ms. Jyoti Deshpande said "Kishore is a dynamic entrepreneur and it has been a remarkable experience to work with him all these years and see him build Eros, making it a global player in the Indian entertainment and media arena today. I very much look forward to the new role that will, along with the rest of the Eros team, allow me to build on the foundations that Kishore established. I would like to sincerely thank Kishore, our executive Chairman and the rest of the Board for this opportunity and the faith they have placed in me and look forward to supporting them, in ensuring the Group meets its strategic objectives."
About Eros International plc
Eros International is an integrated player in the rapidly growing Indian media and entertainment sector, involved in the acquisition and distribution of filmed entertainment content across current and emerging formats including theatres, home entertainment, television and new media.
Eros has close to three decades of market experience in creating a global platform for Indian cinema. In 2006, Eros became the first Indian media company to obtain a listing on the AIM Market ("AIM") of the London Stock Exchange. Eros operates worldwide with offices in India, the United Kingdom, USA, UAE, Singapore, Australia, Fiji and the Isle of Man. Its wholly-owned subsidiary in India, Eros International Media Limited ("EIML") filed a Draft Red Herring Prospectus with the Securities and Exchange Board of India for an Initial Public Offering (“IPO”).
For further information please visit: www.erosplc.com
Eros International Media Limited proposes, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“sebi”). The DRHP is available on the SEBI website at www.sebi.gov.in as well as on the websites of the book running lead managers at www.enam.com, www.kmcc.co.in, www.morganstanley.com/indiaofferdocuments/ and www.abnamro.co.in. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled “Risk Factors” of the DRHP.
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