Sonam Kapoor and her husband Anand Ahuja's Bhaane Group have purchased Mumbai's renowned music store, Rhythm House, for Rs 47.84 crore ($5.7 million).

The store, which had been a beloved destination for vinyl, cassette, and CD enthusiasts, closed in 2018 due to financial difficulties faced by its previous owner, Nirav Modi.

The sale was overseen by a resolution professional appointed by the Indian bankruptcy court, with the stakeholder committee confirming the transaction's value.

Rhythm House, occupying 3,600 square feet, has been a cultural landmark in Mumbai and its closure marked the end of an era for many music lovers.

Bhaane, known for its clothing line, is a part of Shahi Exports Pvt, a major player in the apparel industry that supplies global brands such as Uniqlo, Decathlon, and H&M.