Investors in Manpasand Beverages have been left with a bitter aftertaste with the free-fall in the drinks maker’s share price. These small investors would have together seen market value erosion of around Rs 50 crore. Besides, investors in some of the equity mutual funds that had invested in the company’s shares would also carry exposure to the stock. Motilal Oswal Multicap 35 and SBI Magnum Midcap’s have investments to the tune of Rs 233 crore and Rs 105 crore, respectively. A relative newcomer to the highly competitive beverages market, Manpasand claims to enjoy high market share in categories that have been dominated by established players.

Source: Economic Times June 04, 2018 00:56 UTC