London-listed Bollywood film distributor Eros International Plc is scouting around for acquisitions in the Bollywood industry, according to Reuters. To meet this goal, the company plans to raise 16.7 million pounds ($34 million) through a placing at 505 pence per share. It expects to use the funds raised to expand content as well.“We are looking at a number of opportunities,” Chief Financial Officer Andrew Heffernan told Reuters on Friday, but declined to name any specific projects. “We are looking at content in its wider form.”

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