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  1. Eros International Media gain 5% on share buyback buzz

Eros International Media gain 5% on share buyback buzz

Eros International Media share price jumped as much as 5 per cent on Thursday on reports that the company may go for a share buyback.

By: | Updated: November 19, 2015 4:14 PM
eros international

Eros International Media share price jumped as much as 5 per cent on Thursday on reports that the company may go for a share buyback.

Eros International Media share price climbed around 5 per cent on Thursday on reports that the company may go for a share buyback.

Shares of the company settled 4.98 per cent up at Rs 224.55 apiece. The scrip opened at Rs 218 and had touched a high and low of Rs 224.55 and Rs 218, respectively, in trade. Sensex closed 1.41 per cent up at 25841.92.

The Bombay Stock Exchange has also sought clarification from Eros International Media with reference to news reported in a financial daily.

The promoters holding in the company stood at 73.66 per cent, while institutions and non-institutions held 20.56 per cent and 5.78 per cent, respectively.

In the past one year, the share price of the company plunged 34.95 per cent to Rs 213.90 on November 18. The benchmark BSE Sensex declined 9.51 per cent during the same period.

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