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Stock impact report

UPDATE 1-India's Eros group says it is taking action to resolve loan payment delays [Reuters]

EROS INTL PLC (EROS) 
Last eros intl plc earnings: 11/15 07:45 am Check Earnings Report
US:NYSE Investor Relations: erosplc.gcs-web.com
Company Research Source: Reuters
UPDATE 1-India's Eros group says it is taking action to resolve loan payment delays - Reuters 5 Min Read * Eros shares under pressure after rating cut, due to payment delays * CEO says co has already taken steps to remedy the delays * Short-seller report puts further pressure on company share price * Co announces plan to buy back up to $20 mln of NY-listed shares * Some employee salaries, other dues also delayed recently-sources (Adds details from sources, detail on buyback & share price move) By Shilpa Jamkhandikar and Euan Rocha MUMBAI, June 10 (Reuters) - Indian film and entertainment group Eros International has taken steps to resolve delays in loan payments, Chief Executive Kishore Lulla said, as he also dismissed a short seller’s allegations of accounting irregularities at the group. The company’s New York-listed shares plunged more than 55% last week, and those of its Indian subsidiary Eros International Media Ltd sunk more than 30%, after an Indian rating agency categorized de Show less Read more
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