Eros International Media slumps after short-seller report on parent co
10/06/2019 06:38
** Shares of Eros International Media EROS.NS plunge by
10% daily limit, hitting a record low of 40.95 rupees
** Short seller Hindenburg Research alleges potential
wrongdoing at parent Eros International Plc EROS.N , in a
report urn:newsml:reuters.com:*:nL2N23G032
** Ratings agencies categorise Eros International Media's
debt at default levels
** Eros International Media says it has "taken steps to
rectify delays" in loan payments
** Eros International Plc rubbishes Hindenburg report,
announces $20 mln share buyback programme
** Eros International Media's stock down for a fourth
straight session
** Over 2.1 mln shares change hands, 2.8x their 30-day avg
** Stock down 48% this year as of last close
(Reporting by Derek Francis in Bengaluru)
((derek.francis@thomsonreuters.com; +91-9986311363; Tweet to
@derekfrancis089 LinkedIn: https://www.linkedin.com/in/derek-francis/;))