Rakesh Jhunjhunwala has picked up 12.7% stake in Mandhana Retail Ventures that holds licences to manufacture and sell Salman Khan's Being Human brand of clothing and fashion accessories
Jhunjhunwala purchased 2.81 million equity shares of the company, which is 12.74% of the total issued and paid up capital of the company on December 14, 2016 via off market acquisition.
In November 2014, Mandhana Industries announced the demerger of the company’s retail and trading business of the brand Being Human to Mandhana Retail Ventures.
