Renamed Eros Media World to Retain 15% Stake in STX, Projects Revenue Growth, Reduced Debt
Naman Ramachandran Days after the Najafi group’s buyout of STX Entertainment, the Eros STX Global Corporation is changing its name to Eros Media World PLC. The newly renamed company has also revealed a new management structure and some financial projections. Eros will retain a 15% non-voting stake in STX and the company said it has “fully repaid $152 million of outstanding JP Morgan credit facility and subordinated credit facilities at STX level.”Rishika Lulla Singh is the new executive chair, Pradeep Dwivedi the new CEO and Rajesh Chalke is the new CFO of Eros Media World.