E-Paper
Eros, Mandhana shares plunge after Salman Khan's conviction
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.
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.
