The company made this announcement after market hours on Monday, 5 December 2011. Stock markets were closed on Tuesday, 6 December 2011 for a public holiday.
Meanwhile, the BSE Sensex was up 8.88 points, or 0.05% to 16,814.21.
On BSE, 11,000 shares were traded in the counter as against average daily volume of 1.78 lakh shares in the past one quarter.
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The stock hit a high of Rs 233.80 and a low of Rs 227.95 so far during the day. The stock had hit a record low of Rs 124.30 on 23 March 2011. The stock had hit a record high of Rs 277 on 18 October 2011.
The mid-cap stock had underperformed the market over the past one month till 5 December 2011, falling 12.26% compared with Sensex's 4.31% decline. The scrip had also underperformed the market over the past one quarter, declining 7.14% as against Sensex's 0.55% rise.
The firm has equity capital of Rs 91.57 crore. Face value per share is Rs 10.
Eros International Media said 'Agneepath' directed by Karan Malhotra is homage to the cult 1990 classic directed by the late Mukul S Anand. The action drama stars Hrithik Roshan playing the role of Vijay Dinanath Chauhan originally played by Amitabh Bachchan. The film also stars Priyanka Chopra, Sanjay Dutt as the menacing Kancha Cheena and Rishi Kapoor who also essays an antagonist in the film.
Commenting on the development, Mr Pranab Kapadia, President-Marketing & Distribution, Eros International Plc said, 'Agneepath marks the first of the big ticket releases next year and Eros is excited about associated with Dharma Productions to present this thrilling action film on a global platform. Audiences are looking forward to Hrithik's portrayal of the legendary Vijay Dinanath Chouhan, made famous by Amitabh Bachchan while Sanjay Dutt's villainous look has stirred up much curiosity. The promos have evoked very good reactions and we are anticipating a very encouraging response to the film".
Commenting on the development, Apoorva Mehta, CEO, Dharma Productions said, "We are delighted that Dharma Productions is collaborating with a leading studio like Eros. We have always been apprehensive of Eros' endeavour in the world of commercial cinema and we hope this coming together for the first time helps both of us to take a giant leap in the coming years!".
On a consolidated basis, Eros International Media's net profit fell 39.7% to Rs 27.35 crore on 6.3% decline in net sales to Rs 174.80 crore in Q2 September 2011 over Q2 September 2010.
An entertainment firm, Eros International Media, operates on a vertically integrated studio model, controlling content as well as distribution and exploitation across all formats globally, including cinema, digital, home entertainment and television syndication.
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