India's Eros International tanks as SEBI bars group entities, MD
23/06/2023 05:17
** Shares of Eros International Media Ltd EROS.NS fall as
much as ~20% to 21.1 rupees, biggest intraday pct. loss since
June, 2019
** Securities and Exchanges Board of India (SEBI) on
Thursday passed an order barring EROS, its managing director,
Sunil Arjan Lulla, and group entities from dealing in securities
** SEBI alleges it found books of accounts of EROS were
overstated
** Stock slips below 50- and 100-day moving averages
** Trading volume at ~2.3 mln shares as of 9:25 a.m. IST,
4.6x the 30-day avg
** Stock last down ~24% YTD
(Reporting by Biplob Kumar Das in Bengaluru)
((Biplobkumar.das@thomsonreuters.com))