Mandhana shares extend fall; down 3.5% after verdict on Salman

Shares of Mandhana Industries, the entity associated with Salman Khan, further lost nearly 3.5 per cent today after the actor was handed down 5 years of imprisonment in the 2002 hit-and-run case.
He has been granted interim bail by the Bombay High Court.
The Mandhana stock fell by 3.55 per cent to settle at Rs 255.10 on the BSE. During the day, it lost 3.93 per cent to Rs 254.10.
On the NSE, it shed 3.53 per cent to close at Rs 255.25.
In the previous session, the stock had lost 4 per cent.
The cine star has been granted interim bail by the Bombay High Court till tomorrow to hear his appeal against the conviction.

Mandhana Industries is associated with the actor's NGO 'Being Human'. It has an exclusive licence agreement with Being Human - the Salman Khan Foundation - for designing, marketing and distributing Being Human clothing products.

The actor was yesterday convicted of culpable homicide for ramming a roadside bakery with his Toyota Land Cruiser and, in the process, killing one person and wounding four others sleeping on the pavement outside.
The Bombay High Court has granted interim bail to the actor after observing that the accused had not been given a copy of the conviction order by the sessions court.
Shares of Eros International Media, however, made a comeback after yesterday's drubbing and ended 1.22 per cent higher at Rs 385.45 on the BSE.

Eros International Media had in December last year announced its collaboration on the two maiden productions of Salman Khan Films - 'Bajrangi Bhaijaan' and 'Hero'.