MoneyWorks4Me

ChrysCapital acquires 3% stake in The Mandhana Retail

16 May 2017 Evaluate

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.

Peers
Company Name CMP
Avenue Supermarts 3166.20
Trent 2774.90
Vishal Mega Mart 88.00
PN Gadgil Jewellers 579.60
Aditya Birla Life 72.78
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