Eros, Mandhana stocks sink after court's verdict on Salman Khan

Shares of Eros International Media and Mandhana Industries, the entities associated with Salman Khan, came under intense selling pressure on Wednesday 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 Bombay Stock Exchange (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, in the 2002 hit-and-run case. The court has sentenced him to five-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. 

Shares of Eros International Media and Mandhana Industries closed at Rs 380.80 apiece, down by 5.72 per cent and Rs 264.50, down by 4.24 per cent, respectively on BSE.