Eros International's shares drop 2% as Ki & Ka garners Rs 47 crore over the weekend
The movie was released in 500 screens in the overseas market and 1650 screens in India.
Eros International and Hope Productions' latest released Ki & Ka film has received an impressive opening weekend at the box office last week, whereby garnering Rs 46.79 crore total collections worldwide, making it the third biggest opener in 2016. The shares of Eros, however, fell 2% on the Bombay Stock Exchange's (BSE) Sensex, on Tuesday morning.
The shares of the company were trading at Rs 171.50, down by over 2% in opening trade.
The film was released in 1650 screens in India and has made gross collections of Rs 34.54 crore in the country wherein the net box office collections stood at Rs 25.23 crore.
In the overseas market, the film was released in 500 screens and had made a box office collections of Rs 12.25 crore (nearly $1.85 million).
With its contemporary, relevant and fresh concept, Ki & Ka starring Arjun Kapoor and Kareena Kapoor Khan is a fun and romantic film about breaking gender stereotypes, Eros International Media noted in its press release.
“Ki & Ka’s clutter-breaking concept has resonated well with the Indian diaspora in the overseas markets as well,” said Pranab Kapadia, President, Marketing and Distribution, Eros International Plc in a statement.
Eros International Media noted that the movie has received an extremely positive response from audiences, especially women and youth.
"The fabulous response to this film goes to show how Indian audiences are welcoming and appreciating new unconventional concepts in Bollywood," said Nandu Ahuja, Senior Vice President-India Theatrical, Eros International Media in a statement.
Ahuja said, "The film has done especially well in all key metros and even tier two cities with positive word of mouth working for us."
Ki & Ka's Director R Balki has also echoed the similar views. “Audiences have given their verdict. I am happy that the film is being loved and appreciated by Kis and Kas all over,” R Balki said in a statement.
Eros International Media is a part of Eros International Plc and is a leading global company in the Indian film entertainment industry that acquires, co-produces and distributes Indian films across all available formats such as cinema, television and digital new media. The company is also the first Indian media company to be listed on the New York Stock Exchange in the US.
On Tuesday, at 1004 hours, the shares of Eros International Media were trading down 1.91% or Rs 3.35 to Rs 171.90 per scrip on the BSE.