Shares of EROS International Media Ltd fall on rating downgrade

The shares of EROS International Media Ltd fell in today's trading and locked at 20% down-ward circuit filter. The stock was struck at Rs. 53.10 in BSE, down by Rs. 13.25 or 19.97% compared to its previous close of Rs. 66.35.

The stock hit an intraday high of Rs. 57 and low of Rs. 53.10. 3,74,807 shares were pending for sale at Rs. 53.10 in BSE.

Earlier, on Wednesday the company in a notification to stock exchanges had said that the rating agency CARE has downgraded its credit ratings to default category (CARE D) for the bank facilities availed.

Source : Equity Bulls

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