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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.

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