Eros and its executives have now been asked to pursue the case before SEBI.
The market regulator has passed an ex-parte interim order “to protect the interest of shareholders”
Super high-quality production, a conscious shift towards making films for a pan-Indian audience and other factors behind the commercial success of recent South films in north India.
Eros announced an all-share merger with Hollywood's STX Entertainment to create an equally-held global entertainment company.
The six year old, privately-held STX has done 34 movies including 'Hustlers' and 'Bad Moms' which have cumulatively grossed $1.5 billion, while Eros focuses primarily on the Indian and diaspora markets by producing movies and distributing through an OTT platform .
The company had posted a net profit of Rs 58.69 crore during January-March quarter last year, Eros International Media said in a regulatory filing.
The company had posted a net profit of Rs 57.51 crore during the July-September quarter a year ago, Eros International Media said in a regulatory filing.
Netflix Inc signed a similar deal last year with iQiyi, which is backed by China's internet search company Baidu Inc.
Reliance has acquired 3,111,088 newly issued 'A ordinary shares' from Eros which represents 5 percent of Eros's current issued and outstanding ordinary share capital on a pro forma basis.
Deshpande, who has been appointed as the President of the Chairman's office for media and entertainment business at Reliance Industries Ltd (RIL) effective April 1, will continue to be associated with the company as non-executive non-independent director, Eros International said in a BSE filing.
Both the companies have agreed to partner in India to jointly produce and consolidate content from across the country.
Rajat Bose of rajatkbose.com recommends buying Maruti Suzuki, L&T Finance Holdings, Eros International and Bharat Electronics.
Nifty has support at 9400 and resistance at 9500 while Bank Nifty has support at 22700 and resistance at 23000, says Prakash Gaba of prakashgaba.com.
Aurobindo Pharma | Eros | Bharti Infratel | Torrent Pharma | Havells | Tata Sponge | Laurus Labs | Punjab & Sind Bank | Bharti Infratel | ABB India | Union Bank | Fortis healthcare | Claris life | IOC | Emami and Smartlink Network are stocks which are in news today.
The multi-film deal with Zee gives the channel syndication rights for three films, including Ram Gopal Varma's Sarkar 3 starring Amitabh Bachchan.
Prakash Gaba of prakashgaba.com is of the view that Nifty has support at 9200 and resistance at 9414 while Bank Nifty has support at 22200 and resistance at 22500.
Ashish Kyal of Waves Strategy Advisors is of the view that one may buy Century Textiles with a target of Rs 1100.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Jindal Poly and sell HPCL and Vedanta.
Salman Khan's "Bajrangi Bhaijaan" has collected Rs 36.50 crore on day two, making it the highest box-office grab for the superstar ever for a single day, according to distributors. His earlier single day collection record is for "Ek Tha Tiger" of over Rs 32 crore.
Eros International Media today said its on-demand entertainment portal Eros Now has acquired world wide rights of Zee TV shows.
Kamal Jain, chief financial officer, Eros International says the company‘s catalogue monetisation will continue to grow strong in the upcoming quarters.
Ashoka Buildcon | Ess Dee Aluminium | Hexaware Technologies | United Spirits | Tilaknagar Industries | Unitech | Financial Technologies | TCS | Eros International | Hanung Toys | Tata Motors and Maruti are stocks, which are in the news today.
According to the service tax department, the sale of satellite rights and also some of the support services which these production houses provide are liable to come under the service tax net.
"The number of shares to be offered and the price range for the offering have not yet been determined," the company said in a BSE filing.