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/PRNewswire/ -- The "Content Streaming Global Market Report 2024" has been added to ResearchAndMarkets.com's offering. The global content streaming market is...
Rejecting a prayer to modify an interim order issued against five, market regulator Securities and Exchange Board of India (SEBI) decided to continue restrictions upon Eros International Media Ltd, Eros Worldwide FZ LLC (now known as Eros Worldwide FZE), Eros Digital Pvt Ltd, Sunil Arjan Lulla, executive vice chairman and managing director (MD) of Eros International and Pradeep Dwivedi, the company's chief executive officer (CEO).
On Monday, 56 lakh Eros shares changed hands which was four times more than the monthly traded average of 12 lakh shares.
Best Media Info: Apart from Eros International and its two senior executives, the two promoter entities Eros Worldwide FZ and Eros Digital Private have also been restrained by the market regulator| Television News
Sebi's investigation found that Eros' books were overstated and didn't present a true picture of its financial health. It observed that Eros transferred funds in the name of content advances and subsequently recognised them as revenue by routing them through trade receivable entities.