Eros Int shares gain over 5 pc on positive internal review

Shares of entertainment firm Eros International ended with over 5 per cent gains today following an internal review that has reinforced confidence in the company's accounting policy, practices and disclosures.
The stock went up by 5.06 per cent to settle at Rs 173.50 on BSE. During the day, it climbed 6.84 per cent to Rs 176.45.
On NSE, shares of the company jumped 5.21 per cent to close at Rs 173.55.
In terms of volume, 3.12 lakh shares of the company changed hands at BSE and over 14 lakh at NSE during the day.
The review included analysis of the company's financial reporting which includes its UAE sales and revenue, amortisation policy of intangibles, related party transactions, Eros International Media had said in a BSE filing yesterday.

Eros International CEO Jyoti Deshpande said, "We are pleased the Audit Committee with the assistance of Skadden Arps Slate Meagher & Flom LLP has completed its thorough internal review and reinforced its confidence in the company's accounting policy, practices and disclosures in the financial statements and other key metrics."
Last year in November, Eros International had engaged US law firm Skadden Arps Slate Meagher & Flom LLP to conduct an independent internal review in the wake of what it called an anonymous campaign spreading "false and malicious information" that has negatively impacted the company's share prices.