Mandhana Industries set to demerge retail business

Mumbai-based Mandhana Industries is in talks with private equity investors to offload a 5-10 per cent in the retail business. The company is in the process of demerging its retail business that will be known as Mandhana Retail Ventures. In order to build its licensed brand of Being Human, which is pegged in the mid to premium segment in the apparels category, Mandhana plans to host road shows to get PE investors on board. Mandhana Industries is already a listed company with a turnover of Rs 1,400 crore. In the next few weeks, the company wishes to demerge and list the retail operations under a new name.