Eros International gains after ErosNow partners with GTPL

Eros International Media rose 3.78% to Rs 413.55 at 15:28 IST on BSE after the company announced the launch of movie streaming service, Broadband Movies.

The announcement was made during market hours today, 3 March 2015.

Meanwhile, the BSE Sensex was up 148.02 points, or 0.5%, to 29,607.16.

On BSE, so far 73,617 shares were traded in the counter, compared with an average volume of 51,065 shares in the past one quarter.

Shares of mid-cap entertainment & media company hit a high of Rs 414.70 and a low of Rs 393.20. The stock hit a record high of Rs 425 on 5 February 2015. The stock hit a 52-week low of Rs 158.25 on 5 March 2014.

Eros International Media announced the launch of movie streaming service, Broadband Movies, in a partnership between ErosNow, the dedicated online entertainment service of Eros International Media and GTPL Hathway (GTPL), one of leading cable television service providers in India. The streaming service will enable GTPL customers to watch high quality movies from the ErosNow platform on multiple smart devices. The subscription based service will be available to GTPL customers across the state of Gujarat in India for their one lakh broadband subscribers.

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