Eros Worldwide FZ LLC, the promoter of Eros International Media (EIML), has completed sale of 11,716,850 shares of EIML between April to August 2017 amounting to over USD 40 million to reduce its revolving credit facility.

With the pay-down from sale of shares and internal accruals, the USD 123 million facility now stands reduced to approximately USD 45 million.

Post this sale and as of date, Eros Worldwide together with Eros Digital continues to own 60.47% of EIML.

Shares of the company declined Rs 0.2, or 0.11%, to trade at Rs 180.35. The total volume of shares traded was 56,063 at the BSE (10.10 a.m., Tuesday).