Eros International Media Limited has clarified with reference to the intimation made by the Company to the Stock Exchanges on June 5, 2019 regarding CARE D Ratings assigned to the Company.
The company has clarified that this is on account of a delay in servicing of Bank loans for the month of April 2019 and May 2019 and will be cleared within the next seven working days. Furthermore, the Company would like to clarify that the utilisation is less then Rs.550 Crs as compared to Rs.750 Crs facilities assessed by the Rating Agency as per the bank's sanctioned letters.
Shares of EROS INTERNATIONAL MEDIA LTD. was last trading in BSE at Rs.66.3 as compared to the previous close of Rs. 66.4. The total number of shares traded during the day was 11180 in over 164 trades.
The stock hit an intraday high of Rs. 67.2 and intraday low of 65.8. The net turnover during the day was Rs. 744182.