Why Eros International Stock Took a Hit Thursday
Shares of Eros International (NYSE: EROS) declined sharply on Thursday, falling as much as 28.2%. As of 12:25 p.m. EDT, however, the stock was down about 21%.
The stock's decline comes after the Indian entertainment company announced it had entered a definitive agreement to raise capital as part of a direct offering with an institutional investor.
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Source Fool.com
