Softbank Group Corp. named Eros International's independent director Rajeev Misra (Head of Strategic Finance, Softbank Group) to lead its $100 billion Softbank Vision Fund (tentative name) which intends to invest in the technology sector globally. Rajeev Misra has been an independent director of Eros International Plc since December 1, 2014 and is also a shareholder of the Company. To avoid any conflict of interest that may arise in any deals contemplated in the future, Rajeev Misra has resigned from the Board of Eros International Plc with immediate effect.