Eros, Mandhana sink after court’s verdict on Salman Khan

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.

Shares of Eros International Media and Mandhana Industries Ltd, the entities associated with Salman Khan, came under intense selling pressure today after the Bollywood actor was convicted in the 2002 hit-and-run case.

(Read: Salman Khan trends on Twitter, reactions divided on verdict)

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.

(Also read: Salman Khan verdict: Bihar’s conjoined twins Saba-Farah stop eating)

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, in the 2002 hit-and-run case.

(Read: Salman Khan sentenced to five years in jail: ‘Sad day’ for Bollywood)

The court has sentenced him to 5-year imprisonment for culpable homicide not amounting to murder.

The actor was convicted for ramming his car, while drunk, into a roadside bakery at suburban Bandra in the early hours of September 28, 2002, killing one person and injuring four others.

Source:: Indian Express