Entertainment
For ₹478.4 million, Sonam Kapoor and Anand Ahuja buy Nirav Modi's Rhythm House.
By Kajal Sharma - 24 Oct 2024 05:38 PM
Bollywood actress Sonam Kapoor Ahuja and her husband Anand Ahuja own the apparel company Bhaane Group, a division of Shahi Exports, which has paid fugitive diamantaire Nirav Modi ₹47.8 crore to acquire Rhythm House, a famous music store in the Kala Ghoda neighborhood of South Mumbai.Five hours priorBollywood actress Sonam Kapoor Ahuja and her husband Anand Ahuja own the apparel company Bhaane Group, a division of Shahi Exports, which has paid fugitive diamantaire Nirav Modi ₹47.8 crore to acquire Rhythm House, a famous music store in the Kala Ghoda neighborhood of South Mumbai.1. Rhythm House's proprietors The total area of Rhythm House is 3,600 square feet. After Nirav Modi, the owner of Firestar Diamond International Pvt, which operated the music store, fell behind on billions of dollars in bank loans, it closed nearly seven years ago.
The store's sale was supervised by a resolution specialist chosen by the National Company Law Tribunal (NCLT). For ₹32 crore, Nirav Modi purchased Rhythm House from the Curmally family, the previous owners, in 2017 through a business called Firestar Diamond. Modi intended to turn the land into an upscale jewelry store. However, Modi left the country in 2018 after allegedly being involved in a ₹28000 crore scam, and the Enforcement Directorate (ED), which is looking into the matter, confiscated the