Eros International gains after positive internal review

Shares of Eros International surged by over 5 percent today after the company announced completion of an internal review that reinforced confidence in the company's accounting policy, practices and disclosures.

PTI| Last Updated: Mar 22, 2016, 11:18 AM IST

Mumbai: Shares of Eros International surged by over 5 percent today after the company announced completion of an internal review that reinforced confidence in the company's accounting policy, practices and disclosures.

The stock jumped 5.33 per cent to Rs 174.45 on BSE.

At NSE, the shares of the company climbed 5.39 percent to Rs 174.35.

The review covered analysis of company's financial reporting areas which includes its UAE sales and revenue, amortisation policy of intangibles, related party transaction, Eros International Media had said in a BSE filing yesterday.

The entertainment firm had said an independent internal review of the company by a US-based law firm has "reinforced confidence in the company's accounting policy, practices and disclosures".

The company expects to announce its full year results for 2015-16 financial year in June.