Yahoo Movies Is Bollywood’s Eros International Preparing A Dealmaking Campaign?
That’s the way things look this morning: The Indian film power announced that long-time dealmaker Prem Parameswaran is about to become its new Group CFO — and assume a new position as President – North America.
Parameswaran was Global Head of Media and Telecommunications Investment Banking at Jefferies, following stints at Deutsche Bank, Goldman Sachs, and Salomon Brothers. His resume includes transactions involving Comcast, Cablevision, Relativity Media, Reliance, AT&T, and the Boston Red Sox among other companies.
“Our company is at an important point in its growth trajectory with the increasing popularity of Indian entertainment content, evolution of technology and dynamic transformation of the Indian economy underway,” Eros executive chairman Kishore Lulla says. Parameswaran’s relationships should “extend our reach with the financial community and potential partners.”
The new CFO says that Eros is “on the verge of exponential growth.”
Parameswaran will replace CFO Andrew Heferman who will take a leave of absence in June.
Eros’ U.S.-traded shares are up nearly 25% over the last 12 months as it has built television and online streaming ventures to buttress its film production and distribution operation.
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