Mandhana Industries Limited (BSE:533204) is in talks with private equity investors to offload 5% to 10% of Mandhana Retail Ventures Limited. Mandhana Industries is in the process of demerging Mandhana Retail Ventures. “Mandhana Industries is already a listed company with a turnover of INR 14 billion.

In the next few weeks we expect to demerge and list the retail operations under a separate company," Manish Mandhana, Managing Director of Mandhana said.