News Minimalist logo

News Minimalist

All news ranked by significance

Eros fails to repay £3.75 million to UK investors

dailymail.co.uk —

Bollywood film group Eros has failed to repay up to £3.75 million owed to UK investors. This payment was part of a plan to settle a £50 million bond issued in 2014. The missed payment has angered bondholders and prompted the bond trustee, Truva, to seek a meeting with Eros. Eros has not communicated significant updates to the trustee as required. Previously, Eros had agreed to make an initial payment on March 13, with further funds expected from the sale of shares in a video streaming group. The company acknowledged the frustration of bondholders regarding the delay.

With a significance score of 1.4, this news ranks in the top 81% of today's 16234 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 9000 minimalists.

More on this topic:

    [3.1]
    Investors urge India to cut long-bond supply (economictimes.indiatimes.com)
    6h
    LinkSource
    [2.9]
    Lenders write off McLeod Russel debt at discount (livemint.com)
    1d 1h
    LinkSource
    [2.8]
    ED files 750 crore fraud case against financial group (timesofindia.indiatimes.com)
    1d 20h
    LinkSource
    [2.3]
    ED transfers ₹52.31 crore assets to scam victims (hindustantimes.com)
    1d 15h
    LinkSource
    [2.2]
    Lowell lenders seek improved terms in debt negotiations (livemint.com)
    5h
    LinkSource
    [1.7]
    Sengupta produces Indian comedy-drama on housing corruption (variety.com)
    15h
    LinkSource
    [1.4]
    Eros fails to repay £3.75 million to UK investors (dailymail.co.uk)
    1d 17h
    LinkSource
    [1.3]
    Adi Irani disappointed over removal from Dil Dhadakne Do (hindustantimes.com)
    1d 12h
    LinkSource
    [1.1]
    Sky63 Energy Drinks charged for unpaid celebrity advertising fees (hindustantimes.com)
    1d 13h
    LinkSource