Eros, Mandhana shares plunge after Salman Khan's conviction

  • HT Correspondent, Hindustan Times, Mumbai
  • Updated: May 07, 2015 13:06 IST

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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