The Securities Appellate Tribunal (SAT) has refused to grant any immediate relief to Eros International Media, its executive vice chairman Sunil Lulla, and CEO Pradeep Dwivedi from the Securities Exchange Board of India’s (Sebi) interim order, which restrained them from buying, selling, or dealing i…

SAT refuses to grant relief to Eros against Sebi order

Eros and four others had allegedly misrepresented financial statements and siphoned funds.

Eros International Case: SAT Refuses To Interfere With SEBI’s Interim Order

The Corporate Affairs ministry ordered the probe after it was “satisfied” that an inspection was required to check allegations of fund siphoning, one of the officials, who did not want to be named, told Reuters.

Govt orders probe into Eros International’s accounts

Eros International Media shares ended 1.42% lower at Rs 26.34 on Thursday against the previous close of Rs 26.72. The company informed the exchanges about the Sebi order after market hours.

Eros International Media shares in focus post Sebi crackdown; key details

Stocks to watch out for today: Eros International, Vedanta, Fortis Healthcare, Paytm, PNB Housing Finance and more

Stocks in news: Eros International, Vedanta, Paytm, PNB Housing Finance and more

Eros International Media stock slipped to Rs 21.08 against the previous close of Rs 26.34 on BSE.

Eros International shares sink 20% post Sebi’s crackdown on media firm

SEBI barred the media and entertainment firm, its promoters, MD Sunil Arjan Lulla and CEO Pradeep Kumar Dwivedi from the securities markets in a case pertaining to the possible diversion of funds.

Eros International shares tumble 20% after SEBI barred it

The SEBI has barred Eros International Media Ltd, Eros Worldwide and Eros Digital from the securities market until further orders

Sebi bars Eros Group entities, MD from securities mkt over irregularities

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After clamping down on the promoters of Zee Entertainment, SEBI has now barred Eros International Media’s Managing Director Sunil Arjan Lulla and CEO Pradeep Kumar Dwivedi from holding any board positions for engaging in alleged financial misreporting, siphoning and diversion of funds

SEBI bars Eros

Hasn't fared well - amongst the low performers

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Eros International Media operates in the film entertainment industry. The Company co-produces, acquires & distributes Indian language films in multiple formats around the word, including theatrical, cable, satellite and digital new media platforms.