Eros International Media

Sebi orders attachment of accounts of 10 individuals in Eros Media case

Sebi has ordered the attachment of bank accounts as well as shares and mutual fund holdings of 10 individuals to recover Rs 1.25 crore, saying they have not complied with the regulator's investigation in the matter of Eros International Media Ltd. The recovery proceedings were initiated against these 10 individuals -- Gourab Ray Chaudhuri, Manisha Kumari Singh, Vinod Kumar Agarwal, Sutapa Mukherjee, Sumit Bhoot, Abhishek Das, Dev Govind Binani, Debosmita Ghosh Dastidar, Debjit Medda, and Anindya Bikas Datta -- after they failed to pay the fine imposed on them by the regulator, Sebi said in 10 separate orders passed on Thursday and Friday. In its notices, the Securities and Exchange Board of India (Sebi) has ordered attachment of bank, demat accounts and mutual fund folios of these individuals to recover pending dues. Going by the notices, dues of totalling Rs 1.25 crore were pending with these individuals with the amount including interest and recovery costs. As per the notices, Se

ED carries out searches against Eros International in Rs 2,000 cr Fema case

The Enforcement Directorate Friday said it recently carried out searches against leading entertainment company Eros International Media Ltd and some linked entities as part of a probe into a Rs 2,000-crore foreign exchange law violation case. The searches were undertaken on February 5 at five locations in Mumbai under the Foreign Exchange Management Act (FEMA), the probe agency said. The company could not be contacted immediately for a response. In a statement, the ED said the searches were part of an ongoing probe in the case of alleged "fund diversion" by Eros International Media Ltd and the other entities of EROS group. "Incriminating" documents pertaining to overseas entities, immovable properties, overseas bank accounts and digital devices were seized, it said. The federal probe agency said the probe was initiated based on SEBI investigation against EROS group and its promoters for alleged misrepresentation of finances and "diversion/siphoning" of funds amounting to around Rs

Sebi slaps Rs 50 lakh fine on Lulla for violating mkt norms in Eros matter

Capital markets regulator Sebi has slapped a fine of Rs 50 lakh on promoter and former MD of Eros International Media Sunil Arjan Lulla in a case related to the violation of regulatory norms. In June 2023, Sebi passed an interim order, wherein the regulator prohibited five entities, including Eros International and its Managing Director (MD) Sunil Lulla from securities markets in a case on the possible diversion of funds based on prima facie findings. The regulator also barred Sunil Lulla from holding the position of a director or a key managerial personnel in any listed company, including Eros or its subsidiaries or any Sebi-registered intermediary until further orders. Thereafter, Sunil Lulla appealed before the Securities Appellate Tribunal (SAT) against Sebi's interim order. However, the tribunal upheld the order of the regulator in August 2023. In October 2023, the regulator confirmed the ban against them. The markets watchdog observed that Sunil Lulla had failed to comply wi

Sebi refuses to stay securities market ban on Eros International Media

Sebi on Friday refused to lift the securities market ban imposed on Eros International Media Ltd and four others in an alleged fund diversion case. Further, an investigation by Sebi will be completed in six months in the matter, according to the order. Apart from Eros International, the ban from dealing in the securities market will continue on its Managing Director Sunil Arjan Lulla, Chief Executive Officer Pradeep Kumar Dwivedi and the two promoter entities -- Eros Worldwide FZ LLC and Eros Digital Private Ltd. Sebi, in an interim order in June, had prohibited these five entities from the securities markets in a case pertaining to the possible diversion of funds based on prima facie findings, and now, it has confirmed the ban against them. In its confirmatory order passed on Friday, Sebi said that "no cogent reasoning has been furnished by the noticees (the five entities) about the prima facie findings in the interim order, including the allegations of siphoning off funds to ...

Centre orders probe into Eros International Media's accounts: Report

In an interim order in June, SEBI said it had found prima facie evidence that Eros International's accounts were "overstated and do not present a true and fair picture of its financial health"

Eros International announces all-share merger with STX Entertainment

Over $75 million in commitments have been already received, while the rest will be tied-up before the execution of the merger

Eros Intl shares all-time low after short-seller report on parent firm

Stock fell by 10 per cent on Monday post-allegations of financial irregularities

Eros International Media gains on pact with RIL

The stock surged 11% to Rs 219 on the BSE after the company announced that Reliance Industries through a subsidiary, is acquiring 5% equity stake in the NYSE listed Eros International PLC.

Eros in content sale deal with Apple

Experts, however, have reservations about the deal

Eros Worldwide sells 3.61% stake in Eros International

Shares of Eros International Media were trading 6.98 per cent higher at Rs 236.80 on BSE

Eros International Media gains on pact with Zee Network

The company said it has entered into a television syndication deal for their new and catalogue films with Zee Network.