Private-Equity (PE) firm ChrysCapital has acquired 3% stake in 'The Mandhana Retail Ventures' for Rs 450 crore through the secondary market. The Mandhana Retail Ventures, which manufactures and sells Salman Khan’s Being Human brand of apparel, has roped in ChrysCapital as its second investor. Rakesh Jhunjhunwala is the first; he holds 12.74 per cent stake in the clothing company.
The Mandhana Retail Ventures was demerged from its parent company, Mandhana Industries, last September and was listed as a separate entity.
