Eros, Mandhana bleed on Salman’s 5-yr jail sentence
Shares of Eros International Media and Mandhana Industries Ltd, the entities associated with Samlan Khan, came under intense selling pressure today after the Bollywood actor was convicted in the 2002 hit-and-run case.
Reacting to the news, Eros International scrip plunged 5.66 per cent to Rs 381 on the BSE, while Mandhana Industries slumped 4.74 per cent to Rs 263.10. Mandhana Industries is associated with the actor’s NGO ‘Being Human’. It has an exclusive licence agreement with Being Human the Salman Khan Foundation - for designing, marketing and distributing Being Human Clothing Products. Eros International Media had in December announced its collaboration on the two maiden productions of Salman Khan Films - Bajrangi Bhaijaan and Hero. Salman Khan was convicted of all charges, including culpable homicide not amounting to murder.