Wednesday, May 6, 2015

5-year imprisonment for Salman Khan, gets bail till Friday

Bollywood superstar Salman Khan was today (May 6) granted two-day interim bail by the Bombay High Court in the 2002 hit-and-run case, hours after he was sentenced to five years in jail by a Sessions Court.

At around 7:30pm he left for home after signing the final papers at the session court. The High Court will hear Salman Khan's appeal on May 8.

Shares of Eros International Media and Mandhana Industries, two companies associated with Salman Khan, plunged up to 6% on Wednesday after the Bollywood actor was convicted in the 2002 hit-and-run case and sentenced to five-year imprisonment by a Mumbai court.
Eros International has the worldwide distribution rights for two upcoming Salman Khan films – Bajrangi Bhaijaan and Hero.
Mandhana Industries, on the other hand, is a textile company that has a licensee agreement with Salman Khan’s charity Being Human to make and retail Being Human clothing.
“I am not really worried. I feel Being Human is standing tall on its own due to the quality of the product, right pricing and the charity element. I feel now Salman Khan fans will come out in a bigger way to support Being Human,” said Manish Mandhana, MD, Mandhana Industries.
While, Eros International closed at Rs 380.80 down 5.7% on BSE, Mandhana Industries ended down 4.2% at Rs 264.50.

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