Eros International negotiates new deal to delay loan payment

Despite Bollywood being the biggest money making film business in the world, there are still areas in which production companies find themselves in a financial rut. If news is to be believed, Eros International have recently negotiated a new deal with their investors, which has in turn extended their deadline to pay back their loans.

As Bloomberg reports, Eros signed a deal with their investors three weeks ago, however due to the investors seeking a higher interest rate than agreed, the production company were forced to pull the deal. This comes in line with Eros’ recent financial struggle, in maintaining the value of their U.S. stocks, over the past two years.

Eros has found it difficult to to retain the value of it’s shares. However, with their stocks having risen a whopping 2.7% in New York, Eros were able to extend their deadline with their investors in a new deal.

Here’s hoping the mega production company can keep up with their new financial circumstances.

Stay with BizAsiaLive.com for further updates.