Mandhana Industries shares gain after Salman Khan’s acquittal in hit-and-run case

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Updated: December 10, 2015 4:05:21 PM

Mandhana Industries share price soared as much as 11.65 per cent after the Bombay High Court acquitted the Bollywood star Salman Khan of all charges in the 2002 hit-and-run case.

salman-khan-pti-LMandhana Industries has an exclusive licence agreement with Salman Khan?s non-governmental organisation ?Being Human?.

Mandhana Industries share price soared as much as 11.65 per cent on Thursday after the Bombay High Court acquitted the Bollywood star Salman Khan of all charges in the 2002 hit-and-run case in which he was convicted and sentenced to five years imprisonment by a sessions court.

Mandhana Industries has an exclusive licence agreement with Salman Khan’s non-governmental organisation ‘Being Human’. The company is a textile and apparel company.

At 3.11 pm, the share price of Mandhana Industries were trading 2.83 per cent up at Rs 272.60. The scrip opened at Rs 266.50 and had touched a high and low of Rs 296 and Rs 266, respectively, in trade so far. Later, the share price of the company closed 2.41 per cent up at Rs 271.50

On September 28, 2002, Salman’s car had rammed into a bakery shop in suburban Bandra. One person was killed and four others were injured in the mishap.

In the past one year, the share price of Mandhana Industries fell 7.71 per cent to Rs 265.10 on December 9. Sensex fell 9.93 per cent during the same period.

The promoters holding in the company stood at 71.81 per cent while institutions and non-institutions held 5.75 per cent and 22.44 per cent respectively.

(With agency inputs)

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