SAIF Partners backs firm even as Manpasand continues to fall for third day
Updated : May 30, 2018 01:48 PM IST
Manpasand Beverages, the parent company of the Mango sip brand, is trading at a 10% loss in the market, continuing to trade in the lower circuit, after Deloitte resigned as their statutory auditors on Monday.
The stock was trading at a 20% loss when the news broke out on Monday, as the company had also said that the board meeting which would discuss its March quarter results, was also postponed.
On the company's stock performance, Vishal Sood, SAIF Partners managing director and chief executive and director of Manpasand said, “It is very painful to watch the stock price,” he further mentioned.
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